Apartment Communities in Winston-Salem and Greensboro Sold

The Triad Business Journal recently published a story about the sales of two Triad apartment communities:

Six affiliates of the New Jersey-based WG Portfolio are the new owners of Twin City Townhomes in Winston-Salem. The companies paid $10.15 million for the apartment community, according to records on file with the Forsyth County Register of Deeds…

The companies owned the complex for less than a year, paying $7.8 million on Nov. 29, 2017, according to Forsyth County property records. The property occupies about 40 acres and has 27 buildings…

In Greensboro, Margate on Cone Apartments also has new owners.

According to the Guilford County Register of Deeds, Margate CGC LLC of New York and Beth Cone LLC of California paid about $10.6 million for the apartments at 900 E. Cone Blvd…

The complex last sold in 2005 for $6.9 million