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1402 Bridford Parkway

Hawthorne Residential Partners Acquires Reserve At Bridford Multifamily In Greensboro For $41.5M
SOLDMultiFamily

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

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.

Players

HP
Hawthorne Residential PartnersBuyer

Greensboro MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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