Equus Capital Parnters has sold the Reserve at Bridford apartment in Greensboro for $41.5 million. Hawthorne Residential Partners was the buyer. The Triad Business Journal reports Hawthorne is the second largest apartment management company in the Triad, with 6,744 units across 32 properties in the region.
Bridford is made up of 19 two-story garden-style buildings across a 22-acre site located at 1402 Bridford Parkway in southwest Greensboro, at the edge of Jamestown. The property is just off the Wendover Avenue exit from Interstate 73.
The community’s amenities include a pool with a sundeck, 24-hour fitness center, a resident lounge with complimentary Wi-Fi, an outdoor kitchen with a gas grilling station, picnic areas, a playground, a tennis court with pickleball lines and perimeter track. Residents also have access to a dog park, care car center, package lockers, garages and storage units.
The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
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Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...
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Brightshore Capital LP, formerly GTIS Partners, has acquired DŌMI, a newly constructed, 190-unit luxury multifamily property located at 29-24 40th Ave. in Long Island City, for slightly more than $143 million. The acquisition through Brightshore’s Opportunity Zone Fund II was financed with a $98.5-million loan from Affinius Capital. The seller was a joint venture of...
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