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Atlanta & Southeast  + Southeast  + Apartments  |  January 12, 2021
David Cohen
By: David Cohen

JLL Brokers $74M Sale of Greensboro Apartment Portfolio

JLL Capital Markets has arranged the $56.2 million sale of Steeplechase Apartments and the $17.8 million sale of the Park Forest Apartments. Both properties are located in Greensboro, N.C.

Steeplechase Apartments is located at 1338 Adams Farm Pkwy. and consists of 420 one-, two- and three-bedroom units, totaling 451,080 rentable square feet. Community amenities include outdoor barbecue grills, fitness center, laundry room, resort-style pool, playground and a tennis court. Park Forest Apartments is located at 3214 Brassfield Rd. and totals 135,749 rentable square feet and consists of 151 one- and two-bedroom units. The garden community features a resort-style swimming pool with a sundeck, two grilling areas, picnic pavilions, a business center, 24-hour fitness center and a lounge with coffee bar.

Andrea Howard, John Currin, Jeff Glenn Allan Lynch and Caylor Mark of JLL represented the seller of both properties, Hudson Capital Properties. Steeplechase Apartments sold to Florida-based Advenir, and Park Forest to New Jersey-based Eminent Capital.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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