Le Lézard
Classified in: Business
Subject: TNM

Prudent Growth Adds 5 More Properties to its Growing Portfolio

CHAPEL HILLl, N.C., Oct. 23, 2020 /PRNewswire-PRWeb/ -- Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed its $4.45 million acquisition of a portfolio of dollar stores, all located in North Carolina.

The portfolio consists of two Dollar General locations (Sanford, NC and Statesville, NC) and three Family Dollar locations (Goldsboro, NC, Rocky Mount, NC, and Gaston, NC).

"We are really excited about these 'essential business' portfolios, and both of these dollar store operators are frequently labeled 'recession-proof' by most analysts," said Tom Hahn, President of Prudent Growth Partners. "While this is a small piece of our overall portfolio, it is a nice hedge against a potential slow down in the next year or two for many of our investors."

The properties were owned by separate sellers, which meant that the Prudent Growth closing team had to negotiate and complete five separate transactions all on the same closing date.

"By picking these up one-by-one we were able to obtain them at a really attractive price point, but it was certainly a busy day for our closing team," said Hahn. "We plan to continue to construct these portfolios several times a year for the foreseeable future in order to diversify and add resilience to the portfolio."

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and which provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.


SOURCE Prudent Growth Partners, LLC

These press releases may also interest you

at 02:00
In a world first, Valour, the Swiss-based creator of investment products that provide exposure to innovative technologies, has...

at 01:52
Skanska sells the second building from the Spark office complex located in Warsaw, Poland, to Stena Fastigheter AB for EUR 70 M, about SEK 720 M. The transaction will be recorded by Skanska Commercial Development Europe in the fourth quarter of 2020....

at 01:00
Human Academy Japanese Language School, the Japanese education division of an education company, Human Academy Co., Ltd., headquartered in Shinjuku, Tokyo, will be introducing a multi-currency credit card payment function to its latest e-commerce...

at 01:00
The Geneva Association announces two new senior staff members, Darren Pain and Jianzhong Yao, to enhance both the scope and reach of The Geneva Association's activities. Darren will head the organisation's newly established Evolving Liability...

at 01:00
London-based RegTech DueDil enhances its Know Your Business (KYB) platform with Continuous Updates product. Regulatory compliance remains a fundamental challenge for banks, FinTechs and insurance companies, and with the regulatory landscape...

2 déc 2020
Up sticks to Dubai for the winter with an affordable remote working package that blends contemporary city living with innovative work spaces and exclusive access to one of Dubai's finest private beaches. The new Jumeirah Hotels & Resorts Discover...

News published on 23 october 2020 at 21:00 and distributed by: