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