Gindi Equities has acquired Timber Creek Apartment Homes in Fargo, N.D., and plans a value-add improvement program for the property. This purchase marks the company’s second acquisition within the market. Built in 2015, Timber Creek is a 252-unit, three-story property. Its seven buildings are spread over 13 acres.
Gindi Equities has sold Greenview Meadows in Gastonia for $14.5 million. The New York City-based investment firm says that apartment complex includes 109 units. It sits on nearly 8 acres at 1613 Greenview Drive. The price tag breaks down to approximately $133,000 per apartment.
Gindi Equities has acquired Osgood Townsite Apartments, a 243-unit community in Fargo, N.D., making its debut in the local market. Property Resources Group sold the asset, but will remain in charge of management. The buyer plans to revamp the property.
The multifamily property located at 2701 Homestead Rd in Chapel Hill, NC has been involved in a recent closed transaction. The property consists of 224 units and has been acquired by Gindi Equities.
Gindi Equities said it invests in what it calls “top-performing multifamily platforms, growing generational wealth for our investors and improving the quality of life for our residents.”
Ashbrook Village, a 423-unit apartment community in Gastonia, sold for $37.2 million last week to New York-based Gindi Equities.
