Two Greensboro Apartment Communities Sold

Posted By: Jon Lowder Blog ,

Hudson Capital Partners sold two Greensboro apartment communities for a combined $74.5 million. From the Triad Business Journal:

Hudson Capital Properties told Triad Business Journal on Friday that it sold Steeplechase at Adams Farm for $56.7 million and Park Forest for $17.8 million...

Steeplechase, located at 1338 Adams Farm Parkway in the rapidly growing Grandover area, has 420 units. Park Forest, at 3214 Brassfield Road has 151 units, just north of the Trader Joe's-anchored Brassfield Shopping Center off Battleground Avenue.

HCP bought the communities in 2015, paying $35.5 million for Steeplechase and $11.5 million for Park Forest.