Greensboro/Winston-Salem, NC | 981,000 sq. ft.
Apollo Real Estate Advisors, one of the world's largest private real estate investors, owned a 981,000 SF office portfolio located in Greensboro and Winston-Salem, NC. The portfolio was vestige of a fund that was to be closed within six months. Apollo and its joint venture partner, Parthenon Realty of Atlanta, GA, hired Triad Commercial to sell the Triad portfolio. Because time was dilutive to the realized return on an already successful fund, speed of execution was essential. Triad Commercial secured five bona-fide offers and the property closed with the chosen buyer, Security National, within 4 months of Triad Commercial being engaged.