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    Prudent Growth Partners Completes $2.95 Million Transaction on Oakmont Apartments in Reidsville, NC

    CHAPEL HILL, N.C., June 6, 2018 /PRNewswire-PRWeb/ — Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed a $2,950,000 transaction involving the 48-unit Oakmont Apartments in Reidsville, NC. The transaction involved the sale of the property to three entities (all managed by PGP) who acquired the property in order to complete a 1031 exchange using a Tenancy-in-Common arrangement. "This is the second 1031 exchange we have completed in as many months," said Tom Hahn, President of PGP. On April 30 his group completed a similar 1031 exchange involving the Westchester Square and Williamsburg Village apartment communities in Danville, VA. "Our ability to properly…