Ginkgo Residential Acquires Edgewater Village Expands Workforce Housing Footprint in the Carolinas Surpasses Ten Thousand Units
Ginkgo Residential has acquired Edgewater Village, a multifamily community in Greensboro, North Carolina, expanding the firm’s presence in the Carolinas and bringing its managed workforce housing inventory to more than 10,000 units across North and South Carolina.
Edgewater Village is positioned in a long-established growth corridor of North Carolina. Ginkgo plans to apply its value-add platform to preserve attainable housing while upgrading the property. Planned investments include unit interior renovations, community enhancements, operational efficiencies, and sustainability-focused improvements intended to elevate the resident experience without compromising affordability.
We continue to see attractive opportunities in the Carolinas where strong demographics and limited affordable housing supply support long-term demand, said Eric Stamp, CFO at Ginkgo REIT.
Surpassing 10,000 units is an important milestone for our team, and Edgewater Village reflects the type of disciplined investment opportunity we believe can drive long-term growth, said Bill Green, Co-CEO and Principal of Ginkgo Residential.
To support its growing pipeline, Ginkgo launched Ginkgo GP Fund II, a closed-end vehicle seeded with Edgewater Village. The fund completed its first closing in April 2026, with a subsequent closing anticipated in Fall 2026. The investment was anchored by Banyan Street Real Estate Funds, LLC (BSREF) together with high-net-worth investors investing in a side-car capacity.
This transaction illustrates a focused approach to workforce housing that combines targeted capital improvements with operational and sustainability measures. For operators and investors monitoring attainable housing markets in the Southeast, the deal highlights ongoing investor interest in properties that can be upgraded to meet resident needs while preserving affordability. Ginkgo Residential continues to position itself as a provider of attainable, eco-friendly apartment communities across North and South Carolina, specializing in acquisition, renovation, and management aimed at long-term occupancy and community resilience.