The demographics driving real estate investments in non-gateway cities

I recently came across this excellent commentary which was published this past spring in Pensions and Investments. It is succinct overview of some of the factors driving demand and returns in "non-gateway" cities such as those here in the Carolinas - and at Prudent Growth we share these viewpoints as we see them playing out in real-time in our portfolio of properties. From the article: "...However, there is a demographic shift underway that is driving interest in office investment opportunities in non-gateway cities — a trend that cannot be solely attributed to the high prices and significant competition in most major markets. Data show the population growth of millennials in non-gateway (se

Prudent Growth Expands With $7.25 Million Apartment Buy in Greenville, NC

Prudent Growth Partners completed its third apartment acquisition in Eastern NC, this time with a 168-unit apartment community located on Arlington Drive in Greenville, NC. CHAPEL HILL, N.C. (PRWEB) DECEMBER 05, 2018 Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed the $7.25 million acquisition of two adjoining apartment communities – Arlington West and Pecan Grove – located in Greenville, NC. The property was purchased with the 1031 proceeds from Prudent Growth's recent $6 million sale of the Bella Vista apartment community in Statesville, NC. "This is our third multifamily acquisition in Eastern NC this year,” said Tom Hahn, President of

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