Prudent Growth Adds 5 More Properties to its Growing Portfolio

Prudent Growth Partners has added another 5 locations to its growing portfolio, this time by creating a portfolio of 5 separate essential businesses.


Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed its $4.45 million acquisition of a portfolio of dollar stores, all located in North Carolina. . The portfolio consists of two Dollar General locations (Sanford, NC and Statesville, NC) and three Family Dollar locations (Goldsboro, NC, Rocky Mount, NC, and Gaston, NC).

"We are really excited about these 'essential business' portfolios, and both of these dollar store operators are frequently labeled 'recession-proof' by most analysts," said Tom Hahn, President of Prudent Growth Partners. "While this is a small piece of our overall portfolio, it is a nice hedge against a potential slow down in the next year or two for many of our investors."

The properties were owned by separate sellers, which meant that the Prudent Growth closing team had to negotiate and complete five separate transactions all on the same closing date.

"By picking these up one-by-one we were able to obtain them at a really attractive price point, but it was certainly a busy day for our closing team," said Hahn. "We plan to continue to construct these portfolios several times a year for the foreseeable future in order to diversify and add resilience to the portfolio."

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and which provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.

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