Glen Lennox Fund
The fund initially acquired the legacy assets of Glen Lennox Apartments and Glen Lennox Shopping Center — two iconic properties constituting approximately 70 acres in Chapel Hill, North Carolina that Grubb Properties has owned since 1986. The investment strategy is to develop the legacy properties in phases over time, resulting in a fortress investment in a high barrier-to-entry market. Redevelopment is based on the company’s successful seven-year rezoning effort (2012) and subsequent Development Agreement with the Town of Chapel Hill (2014). You can learn more at glenlennoxvision.com.