Print
Real Estate - Residential

Apartments Top List Of Sales

By Cece Nunn, posted Jan 18, 2019
Investors snapping up apartment communities, as well as a rental townhome property, represented New Hanover County’s highest real estate sales in 2018, according to tax data, with the top two located in Wilmington’s midtown area.

1. Property: St. Andrews Reserve Apartments  
814 St. Andrews Drive
Price: $48.5 million
Buyer: Kettler, a  Virginia-based firm
Seller: AGM Wilmington LLC
No. of units: 390 (sale also included unused land)
Year built: Phase 1 in 1999 and Phase 2 in 2003
Month sold: October
 
2. Property: Crosswinds Apartments 
1108 St. Andrews Drive
Price: $43 million
Buyer: Florida-based Priderock Capital Partners
Seller: Bedrock Holdings II LLC
No. of units: 380
Year built: 1990
Month sold: June
 
3. Property: Myrtle Landing
7220 Myrtle Grove Road
Price: $30.25 million
Buyer: Spyglass Capital Partners, based in New Jersey
Seller: Tribute Companies
No. of units: 144 rental townhomes (sale also included unused land)
Year built: 2016-17
Month sold: April
 
4. Property: The Preserve at Pine Valley (formerly Governour’s Square Apartments) 3314 Wickslow Road
Price: $18.4 million
Buyer: Latitude Real Estate Investors of Beverly Hills, California
Seller: Governours Square Club LLC
No. of units: 219
Year built: 1974; effective year built: 2000
Month sold: March
 
5. Property: Hanover Landing Apartments 
3439 Wilshire Blvd.
Price: $16.25 million
Buyer: Hanover Landing 2018 LLC, based in New Jersey
Seller: Heritage Hanover LLC
No. of units: 112
Year built: 1967; effective year built: 1985
Month sold: June
 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Alyce 4 april242017

Millennials Facing Heavy Debt Burden, Need Realistic View of Future

Alyce Phillips - Old North State Trust LLC
Geofflosee300x300 10221511305

Got Flood Insurance? Get That Proof of Loss Form in Quickly!

Geoffrey Losee - Rountree Losee LLP
Img 0621

Tax Evasion Versus Tax Avoidance

Karen Durda - Century Accounting and Tax Services, Inc.

Trending News

New Bakeries, Including Breadsmith, Coming To Wilmington

Jessica Maurer - Feb 18, 2019

City Council Set To Consider Castle Street Property's Future

Christina Haley O'Neal - Feb 18, 2019

ILM's Travelers In January Reach A Record

Christina Haley O'Neal - Feb 19, 2019

Publix Expected To Open In Oak Island In 2020

Cece Nunn - Feb 19, 2019

KWIPPED Hires Chief Growth Officer

Christina Haley O'Neal - Feb 19, 2019

In The Current Issue

Tourism Group Names Azalea Festival Top Event

The Southeast Tourism Society recently named the N.C. Azalea Festival one of the group’s Top 20 Events in the Southeast for April this year....


Food Hall Trend Coming To ILM

Food halls have been popping up throughout the United States, often in downtown cores. Some estimates predict that there could be more than...


Housing Market: When History's For Sale

Homebuyers in the market for a historical dwelling seem to have at least one thing in common: a love of storied structures, big or small....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Health Care Heroes 2018
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties