REITs and Baseball

Came across this article on the NAREIT website. Interesting that I have been hearing the same thing from back in 2014 when the idea of forming Prudent Growth Partners was first discussed with a few friends and investors. "Aren't we in the 7th or 8th inning?" "Isn't it too late?" "Aren't interest rates set to sky rocket?" Not trying to be cheeky, but the last 5 years have been tremendous and we have posted some exceptional returns while growing the portfolio. With the recent "reset" in long term bond yields, suddenly cash-flowing real estate looks even better and the next several years look like they will be a continuation of the past few years. I guess these are just really long innings! Fro

Chapel Hill firm buys Greensboro business center for $4.1 million

Really pleased about this acquisition ... was nearly a year-long in the negotiation cycle, but finally got it over the finish line! By John Brasier – Reporter, Triad Business Journal Aug 9, 2019, 2:47pm EDT A Triad business center with prominent tenants has been sold for $4.1 million. Prudent Growth Partners LLC, a Chapel Hill-based, real-estate investment firm headed by Thomas Hahn, bought Fairfax Business Center in Greensboro from Southern Business Park LLC, managed by Gilbert Rockson. The transaction closed Friday. The largest tenants in the 66,600-square-foot property, which includes five buildings – three flex, one warehouse and one office – are Lemons Glass and Mirror, XPO Logistics (

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