Overview
Lakes At Lincoln is the largest multifamily community in Greensboro in terms of unit count, totaling 616 units throughout 47 two-story residential buildings, built in 1985-1987. The properties 47 residential buildings spread across 47 tree-filled acres, creating a pleasant park like atmosphere for its residents. Given its size, the property also offers an impressive, best-in-class amenity set, including a large scenic pond, two resort style swimming pools, tennis courts, dog park, walking/bike trails, beach volleyball court, an outdoor kitchen and a car care area.
Greensboro is the third-largest city in North Carolina, and the largest city in the Piedmont Triad region, comprised of Greensboro, High Point and Winston Salem, with a combined population of 1,439,817. Greensboro has a stable, highly diversified economy anchored by multiple industries including healthcare, distribution/logistics, aviation, advanced manufacturing, finance and nanotechnology. Further, the metro’s particularly high concentration of universities and research facilities provide a solid economic engine and high skill employment base, providing a layer of insulation against cyclical economic volatility while orienting the area’s economy toward the industries that will power future growth. In addition to Greensboro’s attractive market qualities, the Property is located is located within Greensboro’s “New Garden” Submarket, one of the most affluent submarkets within the metro, with average household incomes of $91,000, median home values of $256,000 and some of the highest ranked public schools throughout the metro. The Property also has direct access to the metro’s two primary employment centers – the Downtown CBD and the Piedmont Triad International Airport. Offering short commutes to both employment hubs, convenient access to major interstate and commercial corridors, and the metro’s best retail shopping and dining, New Garden draws an attractive demographic profile primarily comprised of professional families.
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