Prudent Growth has sold its Grandfather Center property in
Banner Elk, NC for $5,200,000.
CHAPEL
HILL, N.C., July 4, 2024
/PRNewswire-PRWeb/ -- Prudent Growth Partners, LLC, a Chapel Hill, NC-based private equity real
estate firm, has sold its Grandfather Center property in
Banner Elk, NC for $5,200,000. The 37,438-square-foot neighborhood
retail center was purchased in April
2022 for $4,200,000.
"We are very happy with the sale of
Grandfather Center, and the improvements made, which led to another
solid return for our investors. We wish the new ownership group a
very successful venture going forward." - Tom Hahn, President of Prudent Growth Partners,
LLC
Prudent Growth implemented several improvements over the last
two years, said Tom Hahn, President
of Prudent Growth Partners. "We are very happy with the sale of
Grandfather Center, and the improvements made gave us this
opportunity to sell, which led to another solid return for our
investors," Hahn said. "We wish the new ownership group a very
successful venture going forward."
Prudent Growth Partners, LLC is a private equity real estate
investment company based in Chapel Hill,
NC. The firm focuses on properties that tend to be
overlooked by larger institutions and that provide exceptional
returns on invested capital along with the possibility of
longer-term capital gains achieved by expert management and future
price appreciation.
Prudent Growth Operations, LLC is a full-service commercial
property management company with a hands-on approach to serving our
properties. Our team of professionals has one goal in mind: to
create success and value in everything we do for our residents,
tenants, and investors.
Media Contact
Tom Hahn, Prudent Growth
Partners, LLC, 919-280-5641, tom@prudentgrowth.com,
https://www.prudentgrowth.com/
Jason Autry, Prudent Growth
Partners, LLC, 803-626-3331, jason@prudentgrowth.com,
https://www.prudentgrowth.com/
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SOURCE Prudent Growth Partners, LLC