The Colliers International East Region Multifamily Advisory Group represented CORE Realty Holdings Management, Inc. in the $20.8 million sale of value-add, 483-unit Hidden Lakes Apartments. Living Well Homes purchased the asset. This was the fifth exclusive listing Colliers International has successfully executed on behalf of CORE over the past ten months.

The team from Colliers International East Region Multifamily Advisory Group consisted of Will Mathews who leads the Platform and Brooks Colquitt the Carolina’s Market Leader.

“Hidden Lakes presents the quintessential value-add opportunity and validates the notion that investors who see value in the repositioning process can find yield in secondary markets such as Greensboro compared to the compressed cap rate environment in core markets.” said Colquitt, Carolina’s Market Leader Colliers East Region Multifamily Advisory Group.

"We were extremely pleased with the transaction process and execution, which exceeded our expectations. The East Region team’s dedication, professionalism and attention to detail was evident throughout. They clearly have personal knowledge of and experience with today’s active buyers as evidenced by the overwhelming number of confidentiality agreements, tours, and offers." – Nels P. Billsten, Senior Vice President, CORE Realty Holdings Management, Inc.

Colliers International Group Inc. (NASDAQ and TSX:CIGI) is an industry-leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

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