Glenside Woods

Overview

Glenside Woods is a 56-unit property acquired by Nile Equity Group in 2014 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 in targeted renovations.

Highlights

• —56 units on 4.5 acres
• —Below 50% occupancy at acquisition
• —Targeted renovation
• —Sold in 2021