Jacksonville, NC

155-unit apartment community located in the growing town of Jacksonville, NC - less than 10 minutes from Camp Lejeune. Several value-add opportunities on the exteriors, common areas, and unit interiors. The property was acquired at an approximate 7.25 cap rate, which should enable Prudent Growth to distribute 8+% cash-on-cash returns to its investors with a goal of an IRR of over 20% over the expected 5-year hold.

Jacksonville, NC

286-unit apartment community located in the growing town of Jacksonville, NC - less than 10 minutes from Camp Lejeune. Several value-add opportunities on the exteriors, common areas, and unit interiors. The property is being acquired through a TIC transaction at an approximate 8.25 cap rate, which should enable Prudent Growth to distribute 9+% cash-on-cash returns to its investors with a goal of an IRR of over 20% over the expected 5-year hold.

Greenville, NC

168-unit apartment community located in rapidly growing Greenville, NC - less than 1.5 miles to the hospital, ECU and many large retail centers. The property was purchased from a long-time family owner/operator and was the 1031 replacement property from the sale of Meadows at Russell apartments in Statesville, NC. The attractive purchase price should enable Prudent Growth to distribute 8+% cash-on-cash returns to its investors with a goal of an IRR of over 18% over the anticipated 5-year hold period.

Tarboro, NC

110-unit apartment community located in the charming town of Tarboro, NC - less than 15 minutes from the newly announced tire plant. Excellent property that has been family owned and managed since its construction.  Several value-add opportunities on the exteriors, common areas, and unit interiors. The property is being acquired at an approximate 8.25 cap rate, which should enable Prudent Growth to distribute 9+% cash-on-cash returns to its investors with a goal of an IRR of over 20% over the course of the expected 5-year hold.

Havelock, NC

92-unit apartment community located in the coastal town of Havelock, NC. The property was purchased from a long-time family owner/operator and has enjoyed a history of high occupancy. The attractive purchase price should enable Prudent Growth to distribute 8+% cash-on-cash returns to its investors with a goal of an IRR of over 20% for the anticipated 7-year hold period.

Danville, VA

A 76-unit townhouse complex located in a quiet neighborhood setting in Danville, VA.  The property was restructured and sold to a pair of 1031 exchange buyers and is part of a 136-unit portfolio with the Williamsburg Village Apartments. 

Danville, VA

A 60-unit townhouse complex adjacent to the Westchester Square Townhomes in Danville, VA.  The property was acquired as part of a restructuring of the ownership of Westchester Square in order to accommodate two 1031 exchange buyers.   The combined portfolio - totally 136 units - will be run as one entity and is expected to produce cash-on-cash returns to the investors of over 8%.

Reidsville, NC

A 48-unit apartment complex located about 20 minutes north of Greensboro.  The apartments are 95% leased, well maintained, and have many long-term tenants.  They are all large, 2-bedroom, 1.5 bath units with balconies and a large storage area.  This is an excellent value-add play. The property was purchased in May 2018 as part of a TIC deal in order to facilitate a 1031 exchange. 

Hickory, NC

A 15,500 square foot multi-tenant retail center located along a busy stretch of Hwy 70 in Hickory, NC. Built in 2006, the center has excellent visibility and shares a parking lot with Walmart, Lowes Home Improvement, and Sam's Club. The property is leased to a nice mix of internet-resistant tenants and Hickory is enjoying a lot of economic growth as it continues to transform itself into a tech-manufacturing hub. The property was acquired at an 8.60% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Burlington, NC

A 20,250 square foot multi-tenant retail center located along a busy stretch of Business 70 in Burlington, NC. Built in 2005, the center has excellent visibility and enjoys easy ingress and egress from both directions of N. Church St. (Business 70). It is directly across the street from a major redevelopment effort for the County. The property is leased to a nice mix of internet-resistant tenants and Alamance County is one of the fastest growing counties in NC.  The property was acquired at an 8.30% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Burlington, NC

A 17,200 square foot multi-tenant retail center located at the entrance to an 887,000 square foot regional lifestyle center with 71 stores, including Barnes and Noble, Hobby Lobby, Dick’s Sporting Goods and a 16-screen cinema. Built in 2008, the center boasts excellent visibility and is less than one-mile from the 2,100 employee Alamance Regional Medical Center. The property is 100% leased to a superb mix of internet-resistant tenants and Alamance County is one of the fastest growing counties in NC.  The property was acquired at over a 10% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Durham, NC

An 8,100 square foot single-tenant retail property located at 2094 Guess Road, Durham, NC. The building was built in 2013 specifically for Family Dollar, who has lease options through 2040 at the location.  The property was acquired at an 8.70% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Mint Hill, NC (Charlotte MSA)

A 54,000 square foot multi-tenant retail property located at 9229 Lawyers Road, Mint Hill, NC. The center is 100% leased to a superb mix of internet-resistant tenants and the Mint Hill area is a rapidly growing suburb of Charlotte.  The property was acquired at an 8.55% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Savannah, GA

A 29,500 square foot multi-tenant retail property located at 50 Berwick Blvd, Savannah, GA. The center is 92% leased to a superb mix of internet-resistant tenants and the Berwick area is a rapidly growing suburb of Savannah.  The property was acquired at an 8.40% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Zebulon, NC

A 30,000 square foot, Walmart Shadowed multi-tenant retail center located at 844 E. Gannon Drive, Zebulon, NC. The center is 85% leased to a superb mix of internet-resistant tenants and the town of Zebulon is one of the fastest growing in Wake County.  The property was acquired at an 8.36% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Mooresville, NC

A 55,000 square foot multi-tenant retail flex property located at 131 Crosslake Park Drive, Mooresville, NC. The center is 90% leased to a superb mix of internet-resistant tenants and the town of Mooresville is a rapidly growing suburb of Charlotte, NC.  The property was acquired at an 8.75% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Florence, KY

A 21,000 square foot multi-tenant retail building located at 7500 Oakbrook Drive, Florence, KY. The center is 100% leased to a superb mix of internet-resistant tenants and the town of Florence is nearby the newly announced Amazon distribution center (4000+ jobs).  The property was acquired at an 8.35% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Fayetteville, NC

A 55,000 square foot multi-tenant flex building located at 504 Cumberland Street in Fayetteville, NC. Demand for quality flex/office space like this is particularly strong amongst government contractors in the area.  88% leased with many government and defense contractors. This property should benefit from the growth in the greater Fayetteville area. The property was acquired at a 9.25% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Greensboro, NC

A 66,500 square foot multi-building industrial and office park located at 2100 Fairfax Road, Greensboro, NC. Demand for quality flex/office space like this is particularly strong in the area as more firms are competing in the "last mile" portion of the economy.  100% leased with several well-established businesses. The property was acquired at an 8.25% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Rolesville, NC

A 19,500 square foot multi-tenant retail building located at 6310-6470 Rogers Road, Rolesville, NC. The center is 100% leased to a superb mix of internet-resistant tenants and the town of Rolesville is the fastest growing city in North Carolina.  The property was acquired at an 8.50% cap rate, which should enable Prudent Growth to distribute strong cash-on-cash returns to its investors.  

Fuquay-Varina, NC

A 24,000 square foot industrial flex building located just off 401 between Fuquay-Varina and Garner, NC.  Fully-leased with a great set of established businesses, including All My Sons Moving and Triangle Tile & Marble. Located less than 3 miles from a future I-540 interchange, the building will benefit from the rapid growth of the Fuquay-Varina suburbs. The property was acquired at an attractive price, which will enable Prudent Growth to distribute better than 8% cash-on-cash returns to its investors.  

Fuquay-Varina, NC

A 22,000 square foot multi-tenant retail center located on a high-traffic road in the rapidly growing Raleigh suburb of Fuquay-Varina. Excellent visibility on Rt. 401, just a few miles south of the planned 401/I-540 interchange. Excellent physical condition with a diverse base of local and national tenants, including Enterprise Rent-A-Car, Overhead Door Company, Edward Jones, and Oaklyn Springs Brewery.  As Fuquay continues to grow - with over 7,000 homes in the pipeline - this investment will be an excellent long-term hold.  The property was acquired at very attractive 8.50 cap rate, which will should enable Prudent Growth to distribute better than 8% cash-on-cash returns to its investors.  

Goldsboro, NC

A 67,000 square foot multi-tenant flex building located at the new Highway 70 bypass, NC 117 interchange in Goldsboro, NC – less than one-hour from Raleigh. Demand for quality flex/office space like this is growing rapidly throughout North Carolina.  92% leased with a great set of established businesses, including Ray Murray, Inc. and Best Commercial Development. This property will benefit from the accelerating growth on the east side of Raleigh. The property was acquired at an 8.75% cap rate, which should enable Prudent Growth to distribute better than 8% cash-on-cash returns to its investors.  

Garner, NC

A 57,000 square foot retail center located at the exit of Benson Road and I-70 business in rapidly growing Garner, NC.  Well-maintained with a great roster of established businesses, including Family Dollar and NY Bride and Groom.  As Garner continues to grow, Garner Plaza should benefit and increase in value.  The property was acquired at very attractive 9.00 cap rate, which will enable Prudent Growth to distribute better than 9% cash-on-cash returns to its investors.  

Reidsville, NC

A 32,000 square foot retail center located on Route 29 in busy Reidsville, NC.  Well-maintained with a great collection of established businesses.  As the Triad continues to grow, Ashford Commons should benefit and increase in value.  The property was acquired at very attractive 10.00 cap rate, which will enable Prudent Growth to distribute better than 9% cash-on-cash returns to its investors.  

Mebane, NC

A 24,000 square foot retail center located on Hwy 119 at I85 exit 153 in Mebane, NC.  Very well-maintained with a stable mix of both national and local tenants.  As the Mebane area continues to grow rapidly the center will certainly benefit.  The property was acquired at 8.25 cap rate, which will enable Prudent Growth to distribute better than 9% cash-on-cash returns to its investors.  

Reidsville, NC

A 27,500 square foot retail center located on Route 29 in bustling Reidsville, NC.  Very well-maintained with a stable mix of both national and local tenants.  As the northern Greensboro suburbs continue to grow the center will continue to gain in value.  The property was acquired at 8.00 cap rate, which should enable Prudent Growth to distribute better than 9% cash-on-cash returns to its investors.  

Newark, DE

4700 square foot medical office deal tied to a long term lease with St. Francis Healthcare.  The property was acquired, fully leased, for an approximately 8.50 cap rate, enabling Prudent Growth to distribute a projected 9% return to its investors.

North Wilmington, DE

13,500 square foot neighborhood center with tenants such as Grubbs Pharmacy, Got-A-Doc Urgent Care, and three others.  The property was acquired at an attractive cap-rate of 8.40 with projected cash-on-cash returns in excess of 9% per year to investors.

Wilson, NC

An 80-unit apartment community located in a great part of Wilson, NC - walking distance to the medical center, the BB&T data center, and various retail and restaurants. We completed about $100,000 in deferred maintenance in the first year of ownership and drove occupancy and NOI higher. We made the decision to exit after only 18-months based on the number of unsolicited offers we received. The apartments were purchased by PGP in September 2018 for $3,200,000 and were sold in April 2020 for $4,500,000. The resulting IRR to investors was 45.00% on an annualized basis for the hold period. The proceeds are being used in a 1031 exchange.

Raleigh, NC

A 90,000 square foot, 4-building portfolio of office buildings in the North Hills area of Raleigh, NC. We successfully renewed many leases and invested over $200,000 in the property with various improvements. We were approached off-market by a local investment company who was interested in doing a larger office play in the area. The portfolio was purchased by PGP in September 2018 for $12,000,000 and was sold in January 2020 for $14,800,000. The resulting IRR to investors was 27.00% on an annualized basis for the hold period. The proceeds are being used in a 1031 exchange.