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NKF Arranges $49M Sale, Financing of Greensboro, NC MF

NY-based White Eagle Property Group entered the Triad market with the acquisition of Brassfield Park, a 336-unit multifamily community in in Greensboro, NC, from Chaucer Creek for $49 million. The Class A garden apartment community spans 326,828 square feet at 1921 New Garden Rd.

Built in 1997 with nine-foot ceilings, the apartment amenities include gas fireplaces, private outdoor spaces, high-end finishes, updated lighting and on-site storage options. Community amenities include a state-of-the-art fitness facility, resort-style pool with gazebo area, outdoor grills and kitchen area with gas grill, 24-hour package receiving lockers, pet care stations, dog park, tennis court and children’s play area.

NKF’s Sean Wood, John Heimburger, Dean Smith, Alex Okulski, John Munroe and Jason Kon represented the seller. NKF’s Multifamily Capital Markets Debt and Structured Finance Group’s Josh Davis and Chris Caison worked on behalf of the buyer to secure a $39,110,000 acquisition loan from Freddie Mac.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition