Harvest Capital Buys York Towne Apartments for $10 Million

From the Triad Business Journal:

Harvest Capital LLC has purchased the York Towne apartments in Greensboro for $10 million, according to public records.

Harvest, a private investment group based in Wethersfield, Conn., purchased the 314-unit apartment complex at 3601 Lynhaven Drive from BB&T Corp...

“This was not a distressed sale; the property was more than 90 percent occupied at closing,” Frydman said. “The new owner is planning an extensive rehab of the units and will leverage the property’s proximity to the large student population.”