240-UNIT MULTIFAMILY PROPERTY SELLS FOR $16 MILLION IN NORTH CAROLINA

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HILLSBOROUGH, N.C. — Greensboro, N.C.-based Brantley Properties has acquired Patriot's Pointe Apartments in Hillsborough. Located at 100 Patriot's Point Dr., the 240-unit property sold for $16 million or $66,667 per unit. Built in 2005, the property totals 284,082 square feet on 27.55 acres of land. At the time of closing, the complex was 90 percent occupied. Curteis Calhoun of Grubb & Ellis|Thomas Linderman Graham represented the undisclosed seller.

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