Source: Militello Capital / #Multifamily #Apartments
GREENSBORO, NC - Militello Capital, a greater Washington, DC private equity investment firm, announces, in conjunction with its affiliate QRM Capital, the acquisition of Madison Woods Apartments, a 180-unit multi-family apartment community in Greensboro, North Carolina.
The property consists of one, two and three-bedroom units in the sought-after Guilford County, a quiet, established residential neighborhood of Greensboro with easy access to area amenities including retail and public schools. The area boasts a high quality of life and relatively low cost of living, making it attractive to a variety of industries ranging from aviation, financial services, life sciences, healthcare, transportation and logistics, and advanced manufacturing.
“As we expand our real estate portfolio, this property stood out as one where we can take advantage of a confluence of factors where we can profit from growth in the real economy,” says Matt Brady, co-founder and COO of Militello Capital. “The acquisition of Madison Woods meets all the primary characteristics we look for in real estate investments— built-in demand drivers, job growth and supply constraints.”
Greensboro is the third largest city in North Carolina and the largest within the three-city Piedmont Triad Region of North Carolina.