CHARLOTTE, N.C.--(BUSINESS WIRE)--Ginkgo Residential today announced the acquisition, through its investment affiliate, of Abbington Place Apartments located in Greensboro, North Carolina. The approximately 37.7 acre property is comprised of 360 large one, two and three bedroom, garden style apartments that were originally constructed in 1995 and 1997. The community features a swimming pool, two tennis courts, sand volleyball court, clubhouse with a fitness center and community laundry facility, car care center, grill and picnic areas and a children’s playground. Abbington is located approximately 5 miles from downtown Greensboro, near the intersections of Interstates 73, 40 and 85.
“The acquisition of Abbington continues our focus on the ever growing need for high quality workforce housing. Abbington is a well-positioned, middle market property that directly fits our investment profile,” 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.