Prudent Growth Partners Adds Two More Apartment Communities to its Portfolio
Prudent Growth has completed its acquisition of the Edgewood Apartments in Butner, NC and the Christopher Downs Apartments in Havelock, NC.
CHAPEL HILL, N.C. (PRWEB) DECEMBER 18, 2020
Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed its $7 million acquisition of the 82-unit Edgewood Apartments in Butner, NC, and its $1.6 million acquisition of the 20-unit Christopher Downs Apartments in Havelock, NC.
"We are continuing to add new multifamily assets to the portfolio, and both of these communities fit nicely into our workforce-housing model," said Tom Hahn, President of Prudent Growth Partners. "We will continue to be active buyers as long as we see attractive pricing and fundamentals."
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.