Triple Net Properties LLC represented tenant-in-common buyers in the acquisition of The Enclave Apartments in High Point, N.C.
The value of the transaction was not disclosed.
The 220-unit apartment community consists of 1-, 2- and 3-bedroom units in nine three-story apartment buildings, with units ranging from 770 square feet to 1,421 square feet. The apartment community features a fitness center, outdoor grills, outdoor swimming pool and on-site management.
Tarrant Road Apartments Associates LLC sold the property, which was completed in 2005 and was 85 percent occupied at the time of sale.
What’s your opinion? Send your Letter to the Editor to email@example.com.