About
About The Forest
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Forest, a 107-unit apartment community located in Greensboro, NC. The asset is situated within a submarket that boasts solid demographics (57% renter population). The property benefits from having close access to a plethora of lifestyle amenities & big box retailers (PTI Airport, Wendover Village, Friendly Center, Cone Health Wesley) and close access (1.53 miles) to the recently completed I-840 loop which provides easy connectivity to the region. Built in 1972, The Forest represents an outstanding opportunity to invest in the steady growth, South Greensboro submarket with a highly educated tenant base (55% having attended college) and consistent occupancy amid persistent rent growth (14% projected through 2029). Upon completion of the value-add program, new ownership has the opportunity to renovate the remaining units and further bridge the gap between the property and surrounding comparable product and achieve $100 value-add premiums.
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