Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for The Preserve at Pine Valley, a 1974-vintage asset consisting of 219 units with an attractive unit mix of one-, two- and three-bedroom floorplans. This asset is well positioned in a rapidly growing submarket of Wilmington, just 5 minutes from Downtown Wilmington and close proximity to UNC Wilmington and Wrightsville Beach. The Preserve of Pine Valley offers residents a fully amenitized asset with a newly refinished pool, fitness center, tennis courts and onsite office.

Ownership has injected $4 million of capital into the property through enhancements to the pool, common area, interior, and exterior renovations. These improvements will allow for new ownership to immediately benefit from the work that has been done by pushing rents up to market and taking advantage of the growth of the Wilmington MSA.

With this asset being strategically located in between Downtown Wilmington, the Port of Wilmington and Wrightsville Beach, the Preserve at Pine Valley is well positioned for new ownership to profit from the capital injection of the current ownership and its premiere location in one of the fastest growing cities in North Carolina.