Garret Bedrin Acquires Fairview Village Apartments In Lexington For $14.1M

The Fairview Village Apartments in Lexington, NC, were sold for $14.1 million to Garret Bedrin of the Bedrin Organization. This multifamily property consists of 120 units, equating to a purchase price per unit of $117,500.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,100,000
• Units: 120
• Price Per Unit: $117,500
• Buyer: Garret Bedrin - Bedrin Organization
• Market: Lexington, NC

The Bedrin Organization, a real estate investor based in New Jersey, broadens its footprint in the Triad region with this third apartment acquisition. This strategic purchase adds the Fairview Village Apartments to their growing portfolio, signaling their commitment to expanding their presence in the market.