CHARLOTTE, N.C.--(BUSINESS WIRE)--Ginkgo Residential today announced the acquisition, through its investment affiliate, of Pepperstone Apartments located in Greensboro, North Carolina, which transaction closed on October 7, 2015. The approximately 10.1 acre property is comprised of 108 one and two bedroom, garden style apartments that were originally constructed in 1991. The community features a swimming pool, tennis court, clubhouse, fitness center, community laundry facility, car care center, grill and picnic areas, and a children’s playground. Pepperstone is located approximately 5 miles from downtown Greensboro, near the intersections of Interstates 73, 40 and 85.
“The acquisition of Pepperstone continues our focus on the ever growing need for high quality workforce housing. Pepperstone is another fine addition to our portfolio of well-positioned, middle market properties,” states Philip Payne, CEO of Ginkgo Residential.
About Ginkgo Residential
Ginkgo Residential is an industry leader focused on combining our core business of providing reasonably priced, high quality workforce housing with energy efficient programs that are environmentally sensitive. Ginkgo Residential is a significant operator of apartment communities located primarily in the Southeast region of the United States. For more information on Ginkgo Residential and our communities, visit our website – www.GinkgoRes.com.