Hamptons at Country Park
Greensboro, NC
In August 2019, Blackfin acquired The Hamptons at Country Park, a 264-unit, Class B multifamily community. Built-in 1980, the Property is unrenovated and offers Blackfin the ability to upgrade the property finishes to more modern finishes through renovations to the units and common areas. The Property occupies a highly desirable location within the NE Greensboro submarket with convenient access to strong schools, abundant retail, and transportation options and sits directly at the entrance to the newest exit on Greensboro’s Urban Loop, a 44-mile loop around the City of Greensboro providing easy access to major employment drivers in Greensboro, Winston-Salem, and RDU. Furthermore, the Property directly borders the City of Greensboro Country Park, a highly utilized local attraction offering fishing, boating, hiking, bike trails, etc., which serves as a primary demand driver for this location. Both the Property and the NE Greensboro submarket have benefited from strong market fundamentals as a result of recent population growth and employment growth coupled with a muted supply pipeline. Upon successful completion of its business plan, Blackfin believes this asset will distinguish itself within the community as a unique place for residents to call home.