Prudent Growth Partners Completes $2.95 Million Transaction on Oakmont Apartments in Reidsville, NC

Prudent Growth has completed its second 1031 exchange in the Triad, following on the heels of its Danville transaction in April. CHAPEL HILL, N.C. (PRWEB) JUNE 06, 2018 Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed a $2,950,000 transaction involving the 48-unit Oakmont Apartments in Reidsville, NC. The transaction involved the sale of the property to three entities (all managed by PGP) who acquired the property in order to complete a 1031 exchange using a Tenancy-in-Common arrangement. "This is the second 1031 exchange we have completed in as many months,” said Tom Hahn, President of PGP. On April 30 his group completed a similar 1031 ex

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