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| Marc Robinson |
CHARLOTTE, NC — Multi Housing Advisors (MHA) has brokered
the $11.4 million sale of Brannon Park, a 299-unit apartment community
in Greensboro, North Carolina, and the $8.39 million sale of The Brittany,
a 214-unit community in Burlington, North Carolina.
Marc Robinson, Jordan McCarley, and Watson Bryant of
MHA’s Charlotte office represented the sellers in both transactions.
“The Triad region
continues to attract investment capital with its stable economic base and
growing population,” Robinson said.
Blue Valley
Apartments, Inc., an affiliate of Ocwen Financial, sold The Brittany, located
at 706 Huffman Mill Road, to Harvest Investments, a Connecticut-based
investment partnership.
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| Jordan McCarley |
The community, built
in 1973, includes a playground, swimming pool, tennis and basketball courts, a
dog park, laundry facility, and fitness and business centers.
San Diego-based
Pacifica Cos. purchased Brannon Park, located at 3822 Mizell Road, from VTT
Management, a Boston-based private investment firm.
The property, built in
1984, includes a playground, swimming pool, fitness and business centers, and
basketball and tennis courts.
For a complete
copy of the company’s news release, please contact:
Stephen Ursery
The Wilbert Group
404-549-7150 (O)
404-405-2354 (C)
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