Prudent Growth Completes Sale of Grandfather Center in North Carolina

Prudent Growth Partners, LLC, a Chapel Hill, NC-based private equity real estate firm, has sold its Grandfather Center property in Banner Elk, NC for $5,200,000. The 37,438-square-foot neighborhood retail center was purchased in April 2022 for $4,200,000.

Prudent Growth implemented several improvements over the last two years, said Tom Hahn, President of Prudent Growth Partners. “We are very happy with the sale of Grandfather Center, and the improvements made gave us this opportunity to sell, which led to another solid return for our investors,” Hahn said. “We wish the new ownership group a very successful venture going forward.”

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and that provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.

Prudent Growth Operations, LLC is a full-service commercial property management company with a hands-on approach to serving our properties. Our team of professionals has one goal in mind: to create success and value in everything we do for our residents, tenants, and investors.