GREENSBORO, NC — New Jersey-based The Solomon Organization has purchased its third North Carolina multi-family property, the 14-building, 284-unit Lake Brandt Apartments in Greensboro.
The latest acquisition brings its holdings to more than 12,000 apartments in seven states including New York, New Jersey, Connecticut, Pennsylvania, Michigan, Virginia, and North Carolina.
“We now own nearly 900 units in North Carolina, which is particularly appealing because of constantly expanding employment opportunities from the Research Triangle to the Piedmont Triad.” said Zach Solomon, managing director for The Solomon Organization. “We anticipate more acquisitions in these markets as there is a need for luxury housing at affordable rents, which is exactly what we strive to provide with our communities.”
The Solomon Organization will immediately begin renovations to the interiors and common areas of the community located at Lake Brandt Road near Old Battleground Rd. in northwest Greensboro. The property sits on over 32 acres of gently rolling hills and was developed in 1995. Amenities include a resident clubhouse, indoor and outdoor pool, fitness center and tennis courts.