MAAC Properties Acquires Multifamily Asset In Greensboro, NC For $16.5M

The multifamily property located at 1370 Lees Chapel Rd. in Greensboro, NC was recently sold for a total price of $16,500,000. The sale took place on 03/29/2022, and the property consists of 128 units. The price per unit (PPU) for this transaction is $128,906.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Address: 1370 Lees Chapel Rd.
• Market: Greensboro, NC
• Buyer: MAAC Properties - Tony Azar
• Seller: Chapel Walk Equity Partners - Nizan Mosery
• Brokers: Daniel Shabtai & Mike Kerwin - Rosewood Realty Group

The buyer in this transaction is MAAC Properties, represented by Tony Azar, while the seller is Chapel Walk Equity Partners, represented by Nizan Mosery. The deal was facilitated by Daniel Shabtai and Mike Kerwin from Rosewood Realty Group.