VanRock Real Estate Acquires Cottage Gardens Multifamily In Greensboro For $13.5M

VanRock Real Estate, represented by Bryan De Bruin, has acquired Cottage Gardens, a 176-unit multifamily property located at 307 Avalon Road in Greensboro, North Carolina. The off-market deal, valued at $13.5 million, marks a significant acquisition for VanRock Real Estate in the Greensboro market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,500,000
• Address: 307 Avalon Road, Greensboro, NC
• Market: Greensboro, NC
• Buyer: Bryan De Bruin - VanRock Real Estate
• Seller: Not specified
• Brokers: Dane Lozier, Eric Liebich, Josh Greenwald, Matt Weinstein, Ron Corrao, and Scott Fuller - Capstone Companies
• Units: 176
• Price Per Unit (PPU): $76,705

This transaction represents a strategic move by VanRock Real Estate to expand its multifamily portfolio in Greensboro. With the acquisition of Cottage Gardens, VanRock Real Estate strengthens its presence in the market and takes advantage of the opportunities presented by the thriving multifamily sector in the city.