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About
About Triad 3 Portfolio
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of a 502-unit, three-property multifamily portfolio located across the Winston-Salem/Kernersville submarket of the Piedmont Triad — comprising Station on Pineview (177 units, Kernersville), Cedar Ridge (112 units, Winston-Salem), and The Cove (213 units, Winston-Salem). Built between 1970 and 1986, the portfolio has already benefited from nearly $13 million in combined capital investment across building systems, unit interiors, and community amenities, providing new ownership a de-risked, well-capitalized foundation from which to continue driving rent growth.
Each asset carries a proven interior renovation program with validated rent premiums, while effective rents across the portfolio continue to trail comp sets, leaving substantial runway for continued NOI growth. The surrounding Triad submarket is reinforced by strong household incomes, significant corporate job creation from employers including Toyota, FedEx, Honda Aircraft, Haeco Americas, JetZero, Syngenta, and Volvo, and average annual rent growth of roughly 3% projected through 2031. A widening gap between rising mortgage costs and home values continues to price renters out of homeownership and into the rental pool, supporting durable demand across all three assets. With the heavy lift of capital repositioning largely complete, new ownership is positioned to convert proven upside into meaningful, portfolio-wide income growth.
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