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Ginkgo REIT Sells Charlotte Multifamily Community, Generates Double-Digit IRR
On August 4, 2026, Ginkgo REIT announced the sale of the 260‑unit Kimmerly Glen apartment complex in Charlotte, North Carolina, earning a double‑digit internal rate of return (IRR) for both the REIT and its joint‑venture partner.
The transaction, completed by Ginkgo’s operating arm, Ginkgo Residential, and a joint‑venture partner, unlocked roughly $9 million in capital—a promote earned on the deal. The proceeds will be redeployed tax‑efficiently into new investment opportunities that are expected to generate higher recurring income for shareholders.
Kimmerly Glen, located at 4908 Endolwood Road, had been part of a multi‑year value‑creation plan that included targeted renovations, operational improvements, and capital upgrades. The plan aimed to enhance resident experience and strengthen the property’s long‑term competitiveness.
Bill Green, Ginkgo’s chief executive officer, said the sale demonstrates the REIT’s disciplined investment strategy. He noted that achieving a double‑digit IRR in today’s market, amid elevated interest rates and capital market volatility, is a meaningful accomplishment. Green added that the transaction reflects the REIT’s focus on harvesting value when appropriate and reallocating capital to assets that offer stronger risk‑adjusted returns.
Chief financial officer Eric Stamp emphasized capital allocation as a key driver of long‑term shareholder returns. He explained that monetizing a mature investment and reinvesting the proceeds on a tax‑deferred basis should improve the portfolio’s earnings and position shareholders for higher targeted cash distributions and future appreciation.
The sale also illustrates Ginkgo’s active portfolio‑management approach. As a non‑traded real‑estate investment trust, the REIT continually evaluates opportunities to recycle capital into assets with enhanced cash‑flow potential. Ginkgo said the decision to sell Kimmerly Glen aligns with its strategy of improving portfolio quality while maintaining affordability for residents.
Ginkgo Residential, the REIT’s operating arm, is known for acquiring, renovating, and managing high‑quality apartment communities across North and South Carolina. The company highlights its commitment to affordability and sustainability, and it has been recognized as a top workplace since 2020.
The Kimmerly Glen sale is part of a broader trend in the Charlotte market, which has seen rapid population growth and strong demand for multifamily housing. According to the press release, the property’s renovations and operational enhancements helped the REIT navigate rising insurance costs, wage inflation, and higher operating expenses.
Ginkgo’s website lists the sale as a recent example of its investment performance and invites potential investors to explore new opportunities through its GinkgoVest platform. The company’s official sites, www.ginkgovest.com and www.ginkgores.com, provide additional information on current offerings and the REIT’s investment philosophy.
The transaction underscores Ginkgo’s ability to create value alongside institutional partners and to deploy capital in a manner that supports long‑term shareholder returns. The sale’s proceeds will be used to fund new acquisitions that align with the REIT’s focus on high‑quality, affordable multifamily assets in growth markets.
As Ginkgo moves forward, the company will continue to monitor market conditions and pursue opportunities that fit its disciplined investment framework. The sale of Kimmerly Glen marks a milestone in the REIT’s ongoing effort to generate attractive returns for investors while maintaining a strong focus on resident affordability and operational excellence.
The transaction, completed by Ginkgo’s operating arm, Ginkgo Residential, and a joint‑venture partner, unlocked roughly $9 million in capital—a promote earned on the deal. The proceeds will be redeployed tax‑efficiently into new investment opportunities that are expected to generate higher recurring income for shareholders.
Kimmerly Glen, located at 4908 Endolwood Road, had been part of a multi‑year value‑creation plan that included targeted renovations, operational improvements, and capital upgrades. The plan aimed to enhance resident experience and strengthen the property’s long‑term competitiveness.
Bill Green, Ginkgo’s chief executive officer, said the sale demonstrates the REIT’s disciplined investment strategy. He noted that achieving a double‑digit IRR in today’s market, amid elevated interest rates and capital market volatility, is a meaningful accomplishment. Green added that the transaction reflects the REIT’s focus on harvesting value when appropriate and reallocating capital to assets that offer stronger risk‑adjusted returns.
Chief financial officer Eric Stamp emphasized capital allocation as a key driver of long‑term shareholder returns. He explained that monetizing a mature investment and reinvesting the proceeds on a tax‑deferred basis should improve the portfolio’s earnings and position shareholders for higher targeted cash distributions and future appreciation.
The sale also illustrates Ginkgo’s active portfolio‑management approach. As a non‑traded real‑estate investment trust, the REIT continually evaluates opportunities to recycle capital into assets with enhanced cash‑flow potential. Ginkgo said the decision to sell Kimmerly Glen aligns with its strategy of improving portfolio quality while maintaining affordability for residents.
Ginkgo Residential, the REIT’s operating arm, is known for acquiring, renovating, and managing high‑quality apartment communities across North and South Carolina. The company highlights its commitment to affordability and sustainability, and it has been recognized as a top workplace since 2020.
The Kimmerly Glen sale is part of a broader trend in the Charlotte market, which has seen rapid population growth and strong demand for multifamily housing. According to the press release, the property’s renovations and operational enhancements helped the REIT navigate rising insurance costs, wage inflation, and higher operating expenses.
Ginkgo’s website lists the sale as a recent example of its investment performance and invites potential investors to explore new opportunities through its GinkgoVest platform. The company’s official sites, www.ginkgovest.com and www.ginkgores.com, provide additional information on current offerings and the REIT’s investment philosophy.
The transaction underscores Ginkgo’s ability to create value alongside institutional partners and to deploy capital in a manner that supports long‑term shareholder returns. The sale’s proceeds will be used to fund new acquisitions that align with the REIT’s focus on high‑quality, affordable multifamily assets in growth markets.
As Ginkgo moves forward, the company will continue to monitor market conditions and pursue opportunities that fit its disciplined investment framework. The sale of Kimmerly Glen marks a milestone in the REIT’s ongoing effort to generate attractive returns for investors while maintaining a strong focus on resident affordability and operational excellence.
