Madison Hall Apartments (Clemmons) Sells for $9.5 Million

Colorado-based Interurban Companies recently closed on its purchase of Madison Hall Apartments in Clemmons from Ginkgo Investment Co. The 128-unit community sold for $9.5 million ($74,218 a door) and Interurban is in the process of making some upgrades to the property.

Interurban Companies of Centennial, Colo., closed on its $9.5 million acquistion of Madison Hall Apartments in Clemmons on Jan. 11, and began what CEO Bill Doogan termed “light upgrades” to the exterior of buildings, landscaping and amenities…

Interurban came into the Triad for the first time in January 2016 when it purchased Stadler Place, a 144-unit complex in Greensboro.