| 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 RoadPrice: $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 |
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The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.
