Glenside Woods is a 56-unit property acquired by Nile Equity Group in 2014 for $1,125,000 in Greensboro, North Carolina. Located on 4.5 acres, the community offers an attractive mix of three-bedroom townhomes and condominiums. At acquisition, the property was operating at below 50% occupancy, with deferred maintenance and underperforming management contributing to its distressed condition. Nile Equity Group replaced the management team and invested $250,000 in renovations to improve both operations and curb appeal.
The property was sold for $3.3M in 2021.
