Two Winston-Salem Apartment Communities Purchased by CT-Based Investment Group

Posted By: Jon Lowder Blog ,

From an article in the Triad Business Journal:

Lake Hill Investment Group LLC of Greenwich, Conn., bought Regency Apartments for $9.1 million and Johnsborough Court Apartments for $6.3 million from a Charlotte group managed by Staley Fitzgerald.

Both are in west Winston-Salem off Old Vineyard Road near Chesterfield Apartments, which were purchased by Arch Cos. of New York early in the month.

Regency has 134 units and Johnsborough Court has 95. Both complexes, which offer moderate-priced units, are about 50 years old.