The Preserve at Pine Valley

Posted: 10/17/2017
SOLD
219 Units
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley
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The Preserve at Pine Valley

About

About The Preserve at Pine Valley

Offers due:  Wednesday, November 15, 2017

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of The Preserve at Pine Valley, a 219-unit apartment community in Wilmington, NC. Located in a market with exploding population, striking demographics, and a booming economy, The Preserve at Pine Valley is poised to benefit from a market-supported rent runway. Operational trends at the property have responded well to a recent $825,000 CapEx injection as monthly collections have grown 20% since Sept-16. With almost all of the units at The Preserve at Pine Valley remaining in their original state and rents resting $195 below the submarket average, new ownership can focus on a market supported interior value-add initiative that is proven to boost annual NOI by more than 38%.