Aug
25

MHA Brokers Two NC Apartment Complexes

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Multi Housing Advisors (MHA) has brokered the $11.4 million sale of Brannon Park, a 299-unit apartment community in Greensboro, North Carolina, and the $8.39 million sale of The Brittany, a 214-unit community in Burlington, North Carolina. Marc Robinson, Jordan McCarley, and Watson Bryant of MHA’s Charlotte office represented the sellers in both transactions.

“The Triad region continues to attract investment capital with its stable economic base and growing population,” Robinson said.
Blue Valley Apartments, Inc., an affiliate of Ocwen Financial, sold The Brittany, located at 706 Huffman Mill Road, to Harvest Investments, a Connecticut-based investment partnership. The community, built in 1973, includes a playground, swimming pool, tennis and basketball courts, a dog park, laundry facility, and fitness and business centers.

San Diego-based Pacifica Cos. purchased Brannon Park, located at 3822 Mizell Road, from VTT Management, a Boston-based private investment firm. The property, built in 1984, includes a playground, swimming pool, fitness and business centers, and basketball and tennis courts.

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