The Hedges Apartments Sold for $2.6 Million

The Hedges Apartments, a 92-unit community in Greensboro, has been sold for $2.6 million. From an article in the Triad Business Journal:

The Hedges Apartments complex in Greensboro was bought by The Hedges at Greensboro LLC, an entity managed by Dawn Properties Inc., which focuses on the acquisition and development of multifamily properties.

The 92-unit complex previously was owned by The Hedges Apartments LLC, an entity managed by Greensboro-based Brantley Properties, which purchased the property in January 1997 for $5.2 million.

Built in 1983, the apartment community sits on 16.75 acres at 4901 Lawndale Drive, near Cotswald and Battleground avenues. It has a total assessed value of $2,604,300, according to Guilford County tax records.