New York Group Purchases Bridford West in Greensboro
In December a group out of Uniondale, New York purchased Bridford West Apartments in Greensboro. From the Triad Business Journal:
A realty group based on Long Island has purchased a gated apartment community in the Triad for $36 million, according to Guilford County public records…
Built in three phases beginning in 2012, the 264-unit upscale community sits on 20 acres at 600 Eagle Road in southwest Greensboro, just off Bridford Parkway. The complex has 11 apartment buildings and a clubhouse. Amenities include a fitness center, saltwater pool, dog park, car wash and grilling stations.
That purchase price puts the transaction at $136,364 per door and continues a trend of apartment communities being purchased by non-local companies. The seller bought Bridford West in 2015 for $33.2 million.