Colorado Company Purchases Triad Apartment Portfolio

From the Triad Business Journal:

Interurban Properties of Centennial, Colo., has purchased Loxley Place Apartments in Winston-Salem for $16.25 million from Graycliff Capital of Greenville. Loxley Place is at 3736 Kings Row in the Mt. Tabor neighborhood, just north of Robinhood Road.

In May, Interurban bought Springhouse Apartments, Ambercrest and The Fields Parkside in Winston-Salem for $26.3 million and rebranded the communities as the 433-unit View at 5010.

In August 2017, Interurban bought Southgate Gardens and Piedmont Trace, adjacent multi-family communities with 114 units on 12.32 acres at 209 Arthur Drive in Thomasville, for $5.1 million.

In January 2017, Interurban closed on a $9.5 million acquistion of Madison Hall Apartments in Clemmons, a 10.5-acre, 128-unit complex on Idols Road.

Interurban also owns Stadler Place in Greensboro and The Trails at Bethabara in Winston-Salem.