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Village 1373 (Greensboro, NC)
Village 1373 is a 332-unit apartment community located in Greensboro, NC. This asset is firmly situated in a top performing submarket of the Triad with strong fundamentals and outstanding demographics, outpacing the broader metro on nearly all indicators. Anchored by healthcare, manufacturing, and logistics, Greensboro is the leader of the Piedmont Triad’s economic expansion, with several of its top employers within minutes of the property.
Built in 1987/1996, Durham Hill Capital will build off $2M in capital improvements made by previous ownership. By injecting another $5M in capital at the property, Village 1373 will generate a rental premium of $200 per unit, providing a 20% return on investment for our investors and increasing the value of this asset by 70%.