TIC investors buy in North Carolina

Community includes wide range of apartments

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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 opinion@inman.com....