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Hudson Capital Sells North Carolina Communities for $74M
The two properties were sold to separate buyers and encompass a total of 571 units.
Jan062021
Image courtesy of JLL Capital Markets
Hudson Capital Properties has finalized the sale of a pair of residential properties totaling 571 units in Greensboro, N.C. Advenir purchased Steeplechase Apartments for $56.2 million, while Eminent Capital paid $17.8 million for Park Forest Apartments.
JLL Capital Markets represented the seller in both transactions.
Hudson Capital picked up the communities back in 2015 from Bell Partners, for $35.5 and $11.5 million, as part of a $67 million, three-asset portfolio trade, Yardi Matrix data shows.
The 420-unit Steeplechase is situated at 1338 Adams Farm Parkway, near Interstate 73 in southeast Greensboro. Constructed in two phases in 1989 and 1997, the community has 451,080 rentable square feet, offering a unit mix of one-, two- and three-bedroom layou ....

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