CHAPEL HILL, N.C., Dec. 5, 2018 /PRNewswire-PRWeb/ -- Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed the $7.25 million acquisition of two adjoining apartment communities – Arlington West and Pecan Grove – located in Greenville, NC. The property was purchased with the 1031 proceeds from Prudent Growth's recent $6 million sale of the Bella Vista apartment community in Statesville, NC. "This is our third multifamily acquisition in Eastern NC this year," said Tom Hahn, President of PGP.