Triple Net Properties LLC recently sold an Asheville, N.C., apartment complex on behalf of tenant-in-common investors for an undisclosed price.

The asset, Meadows Apartments, comprises 392 units with an average unit size of 994 square feet. Built in three phases between 1974 and 2001, the property includes 25 two- and three-story apartment buildings and a standalone clubhouse that houses the community’s fitness center, leasing office and laundry facility. Situated on 35 landscaped acres, Meadows Apartments features amenities that include tennis courts, outdoor grills, a playground and two swimming pools. The property is located approximately two miles west of Asheville’s central business district.

At the time of sale, Meadows Apartments was 91 percent occupied.

Steven D. Bell & Co. purchased the complex from the investors, who had owned it since March 2006.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription