Putting the UNITY back in the CommUNITY
CJH2 Enterprises has acquired a 42-unit property in Greensboro, NC for a sales price of $1.3 million. Located at 3100 Summit Avenue, the now UNITY Place (Unity) Apartments are being transitioned into safe, quality, affordable housing. The previous owner’s violations have been remedied. Greensboro citizens and UNITY residents alike welcome these changes and look forward to working with the new, local, professional ownership team.
Cathy Robertson, Vice President of TE Johnson & Sons, represented the buyer in the transaction and the firm has been selected to serve on the property’s transition and ongoing management team. TE Johnson & Sons has a reputation for transitioning similar properties in other communities. As a responsible local firm, the company will be contacting several community stakeholders to ensure that UNITY becomes an asset to citizens of Greensboro.
“TE Johnson is excited to represent a group of local investors who desire to provide safe, quality, affordable housing in this community. We applaud City leaders for their efforts to eradicate the bad actors within the Greensboro housing market.”
“Changes will begin immediately”, Robertson said. However, no tenants who are following the terms of their lease agreement will be displaced. Plans for improvement include: fire suppression systems, parking lot repaving, energy efficient appliances, and a living art project. TE Johnson & Sons hopes to involve residents in the art project and in selecting an official name for the property.
For more information contact:
Cathy Robertson cathyr@tejrentals.com
TE Johnson & Sons Professional Property Management
