The Reserve at Bridford apartment complex in Greensboro has been sold for a second time in six years, this time to a Greensboro multifamily residential developer.
According to a Guilford County Register of Deeds filing, Brighton Bridford Reserve LLC, an affiliate of Hawthorne Residential Partners, paid $41.5 million for the 22.14-acre complex at 1404 Bridford Parkway.
The complex contains 232 units.
The seller is an affiliate of Equus Capital Partners Ltd., based in Newton Square, Pennsylvania, which purchased the complex for $33.25 million in February 2020.
Hawthorne has 32 apartment complexes in the Triad, including 19 in Greensboro.
There are also three each in High Point, Kernersville and Winston-Salem, and one each in Burlington, Jamestown, Rural Hall and Whitsett.
Morris Manor sold
In a separate apartment complex sale, Greensboro’s Morris Manor was sold for $4.87 million to a group from New York.
The complex is located at 4228 United St.
The buyer is Ensaf Capital, 4228 United Street, LLC, of New York, New York. The seller is Flywheel III LLC of Cary.
rcraver@wsjournal.com
336-727-7376
@rcraverWSJ
Love
0
Funny
0
Wow
0
Sad
0
Angry
0
The business news you need
Get the latest local business news delivered FREE to your inbox weekly.
* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.
Richard Craver
Get email notifications on {{subject}} daily!
Your notification has been saved.
There was a problem saving your notification.
{{description}}
Email notifications are only sent once a day, and only if there are new matching items.
Followed notifications
Please log in to use this feature
Log In
Don’t have an account? Sign Up Today