CHARLOTTE, NC - Ginkgo Residential announced the acquisition, through its investment affiliate, of Croasdaile and Croasdaile Crossings Apartments located in Durham, North Carolina.
The approximately 20.86-acre property is comprised of 272 one, two, and three-bedroom, garden style apartments, and features two swimming pools, two fitness centers, club room with free Wi-Fi, children’s playground and scenic views of the adjacent Croasdaile Country Club golf course.
Croasdaile is located in the heart of the North Durham retail corridor, including Northgate Mall, and is only 2.2 miles from the center of Duke University’s campus and 3 miles to the Duke Regional Hospital and Duke University Hospital.
“Ginkgo Residential is excited to continue our focus on providing high quality workforce housing with the addition of Croasdaile Apartments. Easy access to I-85 and close proximity to retail, Duke University and its Hospital system make Croasdaile an opportune place to live in the Durham market. The property also provides views of Croasdaile Country Club, the 71st highest ranked course in North Carolina. We are fortunate to add Croasdaile to our portfolio,” states Philip Payne, CEO of Ginkgo Residential.
Ginkgo Residential is an industry leader focused on combining their core business of providing reasonably priced, high quality workforce housing with energy efficient programs that are environmentally sensitive. Ginkgo Residential is a significant operator of apartment communities located primarily in the Southeast region of the United States.
Source: Ginkgo Residential / #Apartments #Multifamily