Inside SYNCO’s New Management Strategy
A look at a rapidly growing market and why investors are flocking there.
By Keith Loria, Contributing Editor
Carey, N.C.— SYNCO Properties Inc. will serve as property manager for Northwoods Townhomes, a 137-unit property in Cary, N.C.
“The property provides a very sound value proposition—affordable rents in very nicely renovated and updated units with new and vastly improved amenities—to the renter in an excellent location within the town of Cary,” Timothy H. Hose, SYNCO Properties’ president & CEO, told MHN. “This property marks our move back into the Triangle market, which is growing rapidly and is targeted for investment by the majority of apartment groups involved in the southeastern United States.”
Northwoods Townhomes offers one-, two- and three-bedroom townhome and garden style apartments, all with washer/dryer connections and private entrances. Community amenities include an Olympic-sized pool, state-of-the-art fitness and wellness center, lighted tennis courts, sand volleyball court and an outdoor kitchen area featuring a fireplace, grills and gathering area.
The property is conveniently located in the middle of Cary, close to area shopping, dining and entertainment, as well as downtown, and within a short driving distance of I-40.
“It offers quick access to downtown Cary, a highly appealing and charming area where Cary residents enjoy spending time,” Hose said. “The property is situated among single-family homes as well as other multifamily properties, so the neighborhood is diverse and architecturally interesting and pleasing for its residents and visitors.”
SYNCO Properties manages apartment assets across a wide range of ages and rental rate levels, with a portfolio of approximately 4,100 apartment units in North and South Carolina.
