With about $80M, Chapel Hill real estate investor eyes out-of-state opportunities

By Lauren Ohnesorge – Senior Staff Writer, Triangle Business Journal Jun 28, 2019, 8:41am EDT For a Chapel Hill firm with a long history of investing in North Carolina, bullish portfolio goals are shifting its interest elsewhere. This year alone, Prudent Growth Partners plans to acquire about $80 million in property – “and we’re well on our way to do that,” says company president Thomas Hahn. On Friday, the company announced a $6.22 million purchase of a 55,000-square-foot retail/flex center in Mooresville at a 8.5 percent cap rate. Next year, Prudent's acquisition goal swells to $100 million. “To do that effectively, we have to go beyond North Carolina,” he says. On June 27, the company in

Trade Tensions Reinforce the Value of Real Estate Investment

Great quick podcast listen from Joel Beam, senior portfolio manager of real estate strategies at Salient, who spoke with the National Association of REITs recently at REITweek: 2019 Investor Conference. At Prudent Growth, we are huge fans of diversification, and the recent stock market volatility is showing us in real time how important it is for high net worth investors to build multiple sources of portfolio income. From the podcast: Trade tensions are reinforcing the value of property investment in general, according to Beam. REITs have outperformed this year and have outperformed “meaningfully” versus the broader market since April 30, he said. “I think that’s a testament that real estate

Prudent Growth Partners Adds To Its Eastern NC Apartment Portfolio

Prudent Growth Partners has added another 155 units to its growing portfolio in Eastern North Carolina with its recent purchase of the Lauradale Apartments in Jacksonville, NC CHAPEL HILL, N.C., June 20, 2019 /PRNewswire-PRWeb/ -- Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, recently completed the $7 million acquisition of the Lauradale Apartments in Jacksonville, NC. The 155-unit apartment community is located at 2 Aragona Blvd, Jacksonville, NC 28540, and was 100% occupied at the time of the acquisition. Lauradale adds a second community to Prudent Growth's portfolio in Jacksonville - the first being Liberty Crossing Apartments, which the group bou

Prudent Growth Partners Grabs Retail Center in Fast-Growing Rolesville, NC

CHAPEL HILL, N.C., June 4, 2019 /PRNewswire-PRWeb/ -- Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has acquired the 19,500 square foot Rolesville Town Center Mall, located at 6310-6470 Rogers Road, Rolesville, NC. The shopping center is 100% occupied and features a number of strong, service-based tenants, including the US Post Office, Rolesville Crossfit, Kruse Chiropractic, and Pizza Hut. "We loved the location and the tenant mix," said Tom Hahn, President of Prudent Growth Partners. "Rolesville is growing like crazy - it is the fastest growing town in North Carolina - and this shopping center is going to benefit from that growth." Prudent Growth Pa

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