Updated Oct 14, 2025
Hawthorne Residential Partners Acquires Reserve At Bridford Multifamily In Greensboro For $41.5M
1402 Bridford Parkway
$41,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 6, 2025
About this deal
AI
A 22-acre multifamily apartment community located at 1402 Bridford Parkway in Greensboro, NC, was sold for $41.5 million. The property, known as the Reserve at Bridford, consists of 19 buildings, providing a substantial living space in the Greensboro market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,500,000
- Buyer: Hawthorne Residential Partners
- Seller: Equus Capital Partners
- Sale Date: 10/06/2025
- Acres: 22
This transaction involved Hawthorne Residential Partners as the buyer, acquiring the property from Equus Capital Partners, who were the sellers. This sale highlights the active multifamily market within Greensboro and signifies the investment interests in this area.
On the Map
$41,500,000
MultiFamily
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Players
Greensboro MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93