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New Jersey Investor Buys Greensboro Apartment Complex for Over $16 Million

Ultimate Properties Picks Up Second Triad Multifamily Property
The Residences at 1805 was built in 1971. (CoStar)
The Residences at 1805 was built in 1971. (CoStar)
By Kofo Ogwu
CoStar Research
April 21, 2020 | 3:55 P.M.

Ultimate Properties, a New Jersey-based investment firm, has purchased The Residences at 1805, a 200-unit apartment complex in Greensboro, North Carolina, for $16.04 million, or about $80,000 per unit.

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