Three Triad Apartment Communities Sold

The Triad Business Journal covered the sale of three Triad apartment properties:

Rehobeth Poine, constructed in 2009 on 4.58 acres off Meadow Oak Drive near Interstate 85, has an assessed value of $5.56 million, according to tax records.

Juliet Place was constructed in 2008 and 2014. It sits on 6.22 acres near West Vandalia Road and U.S. 220. Tax records show it has an assessed value of $4.34 million.

The Keystone Group sold the properties to Elkal Inc. for $63,745 per unit…

Capstone also brokered the sale of Hanover Court in Asheboro. The 152-unit complex, constructed in two phases with 72 units built in 1972 and 80 units completed in 1984, is located on 7.4 acres near Dixie Drive.

Kings Cross and Hanover Associates sold the property to Keystone for $5.75 million, or $37,823 per unit.