Prudent Growth Partners Completes $2.5 Million Acquisition in Danville, VA

Here is our Press Release on the latest acquisition in Danville, VA - this is going to be a great deal with very strong cash flow for our investors! Prudent Growth Partners Completes $2.5 Million Acquisition in Danville, VA DURHAM, NC (PRWEB) JULY 25, 2016 Prudent Growth Partners, LLC, a real estate investment company based in Chapel Hill, NC, has completed its third acquisition this year with the purchase of the Westchester Square townhouse complex on Hermitage Drive in Danville, Va. The property, a 76-unit complex, is located in a suburban section of Danville, VA. The purchase price was $2,500,000. The seller was Westside I, Ltd., a Greensboro, NC partnership. “We are excited about this a

Why you should look at REITs for yield

While this is a familiar call - look to REITs for yield - the more interesting takeaway from this recent interview with Goldman Sachs Asset Management’s Sheila Patel is the fact that they seem to be firmly in the "lower for longer" interest rate camp - a view that we have shared for quite some time. From the article: With interest rates set to remain lower for longer, real-estate investment trusts (REITs) have become prey in the global hunt for yield, said Sheila Patel, CEO of International Goldman Sachs Asset Management. "The number one thing that has been concerning clients all year, underlying everything, has been the low yield environment," she told CNBC's "Squawk Box." "People have loo

Chapel Hill group buys Triad apartment complex for $1.26M

Good coverage on our latest acquisition from the Triad Business Journal: The 36-unit complex is located between Lake Jeanette and New Irving Park, at 3300 North Elm St. Tom Hahn, president of Prudent, said his company was attracted to the property because of its location. “The area around Cambridge on Elm is growing rapidly, and we believe that there is substantial upside once the units are improved,” he said. “This is an attractive complex and should appeal to renters looking to live in a great area, but at rental rates that are substantially under those of newly constructed units nearby.” The property, which consists of 24 two-bedroom units and 12 one-bedroom units, is 95 percent occupied.

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    Prudent Growth Partners, LLC  (2017)    1829 E. Franklin St, Suite 800-F, Chapel Hill, NC 27514  (919) 590-4119