Washington-Based Company Expands Its Triad Portfolio

Posted By: Jon Lowder Blog ,

Willow Creek Partners, based in Washington, has expanded its Triad portfolio with the purchase of Brannon Park in northeast Greensboro. From the Triad Business Journal article about the purchase:

Brannon Park, a 299-unit apartment community in northeast Greensboro, was purchased by Willow Creek Partners of Washington for $16.9 million.

The property, which includes 13 three-story buildings on 24 acres, was sold in an off-market transaction by San Diego-based Pacifica Cos., which was represented by Capstone Apartment Partners. Austin Green and Alex McDermott led the Capstone team.

Pacifica paid $11.4 million for the community in 2014. The apartments were built in 1984.

Willow Creek, which owns several other Triad properties, plans to make value-added renovations to Brannon Park’s clubhouse, amenities, and apartment interiors. In January, Triad Business Journal reported that Willow Creek had bought Hunt Club Apartments in Winston-Salem for $7.68 million.