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Prudent Growth Partners Acquires 110-Unit Apartment Community in Eastern North Carolina Market


TARBORO, NC - Prudent Growth Partners, a real estate investment company based in Chapel Hill, NC, has made its first acquisition in the eastern part of North Carolina. Georgetowne Apartments, a 110-unit apartment community located in Tarboro, NC ...


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TARBORO, NC - Prudent Growth Partners, a real estate investment company based in Chapel Hill, NC, has made its first acquisition in the eastern part of North CarolinaGeorgetowne Apartments, a 110-unit apartment community located in Tarboro, NC, was purchased by Prudent Growth earlier in the month for $3,900,000. "We are excited to be adding to our growing portfolio with this purchaseIt is our first buy in the eastern part of the state and hopefully not our last," says Tom Hahn, President of Prudent Growth Partners"We are actively looking for more properties like this in the eastern part of North Carolina and are definitely in 'acquisition mode'." Asked why he chose the property, Hahn says, "It is very well maintained with many long-term residentsWe are hoping to be able to make some smart updates and continue to operate the community for many years to come." Prudent Growth Partners, based in Chapel Hill, NC, is focused on acquiring garden style apartment communities, typically with 75 to 200 apartments, as well as neighborhood retail centers"We really like properties that are well managed, well positioned, and which provide some nice upside for our investors over the long term."  Prudent Growth Partners has a growing network of accredited investors who participate in each transaction"We structure each transaction to provide solid cash flows to our investors each quarter - typically at least an 8% annualized return - as well as long-term upside through the appreciation of the propertyIt is a completely passive investment for the investor and provides great returns and a nice hedge against future inflation." The transaction was brokered by Nathan Vaughan of Waterstone Multifamily Group. Prudent Growth Partners / #Apartments #Multifamily Latest News Headlines Search Fannie Mae Launches $100 Million LIHTC Fund to Support Affordable Housing in Underserved...JFisher Companies Completes Luxury Multifamily Townhome Development in Salt Lake CityPrudent Growth Partners Acquires 110-Unit Apartment Community in Eastern North Carolina...CMBS Delinquency Rate Drops for Seventh Consecutive Month According to Recent Trepp ReportKennedy Wilson Acquires Two Apartment Communities for $93 Million in Salt Lake City, UtahCarmel Partners Acquires 896-Unit Hunters Glen Garden Apartment Community in New Jersey Advertisement Newsletter Subscribe to our newsletter to get the latest news in your inbox. Subscribe $('#subscribe').on('click', function() { var email = $('#email').val(); if (email == ') { return false; } else { $(this).attr('href', 'https://list.robly.com/subscribe/post?a=68a9b99ca76cf5fd1c245089f5902991&EMAIL=' + email); } }); Blog Spotlight Search Using Snapchat to Broaden Your Student Housing Marketing ReachMultifamily Tech TrendsMultifamilyBiz.com Press Releases Search Dougherty Mortgage Closes $42.8 Million HUD Loan for 243-Unit Green on Fourth...Anthony Alicea Joins Greystone as Head of Production for the Portfolio Lending...National Cooperative Bank Originates $25 Million for New York-Area Housing...HFF Announces Refinancing for 128-Unit Garden-Style Apartments in Central Texas... On-Demand Webcasts Search Multifamily Housing Tech Trends Emerging in 2018Utilizing Resident Portals to Serve Next Generation RentersTurning Around Derailing People PerformanceTech Trends and Topics – The Centennial Edition Latest Videos Fannie Mae Launches $100 Million LIHTC FundCheck Your Insurance Policy Regarding CannabisThe Effect of Cannabis Distribution in Real Estate Upcoming Events Connect HoustonFeb 7 - Feb 7, 2018 | Houston, TXNAA Student Housing ConferenceFeb 13 - Feb 14, 2018 | Orlando, FLTAA Education Conference & Lone Star ExpoApr 25 - Apr 27, 2018 | San Antonio, TX Media Resources Multifamily News Industry Voices On-Demand Webcast Press Releases Latest Videos News Feeds Multifamily Directory Vendor Listings Housing Agencies List Your Company Apartment Marketing Directory Feeds Find Apartments Apartment Listings List Your Community Moving Center Apartment Feeds eBay Classifieds Partner Industry Events Industry Events On-Demand Webcast Submit Conferences Event Services Event Feeds On-Demand Videos Latest Videos Upload Videos On-Demand Webcast Video Feeds About Us About Us Terms of Use Privacy Policy Contact Us MultifamilyBiz.com is the Next Generation Internet Platform for the Multifamily Industry and is the place to be for everything touching multifamily housingFrom the latest industry news, member posted press releases, to its robust vendor directories, MultifamilyBiz.com is dedicated to providing a suite of focused, leading-edge, online tools and resources designed to maximize and accelerate commercial activities in the multifamily marketplace.

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