Brentwood Crossing in High Point Sold for $5.5 Million

The Triad Business Journal is reporting that the Brentwood Crossing apartment community in High Point has been sold to a New York-based company for $5.5 million:

A New York-based real estate development company has purchased a High Point apartment complex for $5.5 million.

Brentwood Residences LP, an entity controlled by Omni New York LLC, bought the 138-unit complex at 306 Brentwood St. from Brentwood Crossing LLC last week.

The property, which has 130,256 square feet of living space in 18 buildings, sits on 10.781 acres and is valued at $2.4 million, according to tax records.