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Investment Details

Investment Summary

JEM Holdings acquired The Groves apartments in June, 2017 as a value-add investment. Constructed in 1979, The Groves is a 108-unit garden style apartment complex conveniently located on North New Hope Rd in Raleigh, NC, providing it with exceptional access to both Highways 1 and 401. These two thoroughfares provides strong connectivity via Interstate 440 (9 minutes away) and Interstate 540 (8 minutes away) which offer easy access to all the major economic drivers throughout the Triangle area. Residents are less than ten minutes away to a few of the most prestigious business centers in Raleigh, including North Hills and Highwoods Office Park, as well as a wide variety of retail, restaurants and lifestyle amenities. As part of its business plan, JEM will be performing interior unit upgrades, partial roof replacement, building a new leasing office, and enhancing amenities.

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