LaRock Capital Closes On Parkway Place

LaRock Capital adds to portfolio in Winston-Salem, NC

Sterling, VA, August 16, 2022 — LaRock Capital Partners, a multifamily investment firm headquartered in the Washington DC region, today announced that it has closed on Parkway Place, a 78 Unit apartment complex in Winston- Salem North Carolina.

“We are thankful for our investors on this transaction as well as our partners United Bank and Wellington Advisors. We have great things planned for this property and we will begin our renovations and upgrades immediately.” said Chuck LaRock Sr., founding principal of LaRock Capital.

Parkway Place, now rebranded as Beltway Park at Winston is located in a submarket with 18% rent growth YOY, adjacent to the new $1.07 billion eastern loop of the northern beltway extension, and within walking distance to class A & B retailers and dining.

For more information on the LaRock Capital or Beltway Park at Winston, please visit: www.LaRockCapital.com and www.beltwayparkwinston.com

About LaRock Capital

LaRock Capital is purchasing stabilized multi-family properties which generate solid cash flows. These properties are located in strong employment centers, having growth and stability that will be better than the national averages, with a preference toward properties offering opportunity for renovation or modernization.

Source: LaRock Capital Partners