Five Triad Apartment Communities Start 2016 Under New Ownership

An article in the Triad Business Journal provides an overview of five apartment community sales in the Triad at the end of 2015:

Deerwood Crossing Apartments (Winston-Salem), now known as Twin City Apartments, is a 285-unit community that sold for $11.4 million.

Westgate Terrace Apartments (Winston-Salem), is a 42-unit community that sold for $2.53 million.

Ridgewood Apartments (Greensboro), a 14-building, 160-unit community sold for $5.4 million.

Tucker Street Apartments (Burlington), a 31 building community built in 1972 sold for $2.6 million.

Beaumont Avenue Apartments (Burlington), a 40 building community built in 1972 sold for $2.6 million.

More details about the transactions can be found here.

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