208-Unit Apartment Community in High Point Sold

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In late February the Chatham Wood Apartments in High Point were purchased by a Gastonia-based company. From an article in the Triad Business Journal:

Chatham Wood Apartments at 856 Lakecrest Ave. sold Tuesday for $14.8 million, according to a deed on file with the Guilford County Register of Deeds. The complex is off Johnson Street south of U.S. Highway 311.

ARWC-808 Lakecrest Avenue LLC of Atlanta sold the 19-acre complex to Gastonia-based MAAC Legacy Chatham Woods LLC.

Built in 1985, Chatham Wood last sold for $9.4 million in 2015.