The Kingly Group

The Kingly Group expands its footprint in North Carolina with the acquisition of Briarwood Apartments located in Fayetteville, North Carolina. We were attracted to this 273-unit property due to the significant value add opportunity and overall purchase basis. Briarwood Apartments is well located in the submarket with proximity to Cape Fear Valley Medical Center.

The Kingly Group along with our partners were able to secure the opportunity off-market without a formal bidding process. This will be Kingly’s 2nd acquisition in North Carolina and 7th acquisition in the Sun Belt region. The Kingly Group has acquired 1,555 units since 2019.

The Kingly Group enters DFW with the portfolio acquisition of Clear Fork Trail Apartments and Trinity Oaks Apartments located in Benbrook, TX. We were attracted to this 334-unit, Class B, 2 property portfolio due to the significant value add opportunity and overall purchase basis. Located in an affluent area of Tarrant County, Clear Fork Trail and Trinity Oaks are within walking distance of “A+” rated Fort Worth Country Day, a private college-preparatory school. The area is surrounded by neighborhoods with $1M+ single family homes with a $96K+ average household income within 2 miles of the assets. The properties have excellent highway access and are in close proximity to Whole Foods and various high end retailers. Over the past few years, we’ve seen increased institutional ownership in this submarket due to the excellent apartment fundamentals and location.

The Kingly Group along with our partners were able to secure the opportunity off-market without a formal bidding process. This will be Kingly’s 5th and 6th acquisition in the Sun Belt region. The Kingly Group has acquired 1,282 units since 2019.

The Kingly Group enters North Carolina with the acquisition of Wilson Woods Townhomes located in Wilson, North Carolina. Located in the path of progress, Wilson is approximately 50 miles east of Raleigh. With limited supply in the market, Wilson Woods benefits from having some of the largest townhome style floor plans. We were attracted to this 376-unit property due to the significant value add opportunity and overall purchase basis. We were able to secure the opportunity off-market from a 25-year owner without a formal bidding process. We are excited to be partnering with Brazos Residential on this acquisition. This will be Kingly’s 1st acquisition in North Carolina and 4th acquisition in the Sun Belt region. The Kingly Group has acquired 948 units since 2019.

We appreciate the trust from our investors that participated in this offering. We are ready to begin transforming the community for our residents!

The Kingly Group is proud to be sponsoring the Best Ever Conference in Denver, Colorado. February 24th to February 26th. Looking forward to connecting with our friends, investors and industry colleagues!

Use our discount code KINGLY22 for 15% off