Northcliffe Forest Apartments Sold In Winston-Salem, NC For $28.75M

The Northcliffe Forest Apartments, a 288-apartment community located at 2030 Northcliffe Drive in Winston-Salem, North Carolina, was recently sold for $28.75 million. The transaction involved sellers Daniel Eller of Eller Capital Partners and Matthew Rosenthal of Eastham Capital Fund V, LP.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,750,000
• Address: 2030 Northcliffe Drive
• Market: Winston-Salem, NC
• Sellers: Daniel Eller - Eller Capital Partners & Matthew Rosenthal - Eastham Capital Fund V, LP

The sale of the Northcliffe Forest Apartments highlights the collaboration between Eller Capital Partners and Eastham Capital Fund V, LP, who initially acquired the property in May 2019. This transaction underscores the successful investment and subsequent divestment strategy executed by both parties within the multifamily real estate sector.