Ginkgo Residential Expands Carolinas Footprint With Edgewater Village Acquisition Surpassing Ten Thousand Units

Ginkgo Residential has acquired Edgewater Village, a multifamily community in Greensboro, North Carolina, expanding the firm’s footprint in the Carolinas and bringing its managed workforce housing inventory to more than 10,000 units across North and South Carolina.

Positioned within an established growth corridor of the state, Edgewater Village will enter Ginkgo’s value-add program. Planned investments include interior unit upgrades, community amenity enhancements, operational efficiency initiatives, and sustainability-focused improvements intended to elevate resident experience while preserving 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 acquisition pipeline, Ginkgo launched Ginkgo GP Fund II, a closed-end vehicle seeded with Edgewater Village. The fund completed an initial closing in April 2026, with a subsequent closing expected in Fall 2026. The investment was anchored by Banyan Street Real Estate Funds, LLC together with high-net-worth investors participating in a side-car capacity.

Ginkgo Residential focuses on attainable, eco-friendly apartment communities across North and South Carolina, specializing in acquisition, renovation, and management with an emphasis on maintaining affordability. For operators and investors, the transaction underscores continued activity in Sun Belt markets where demographic trends and constrained affordable supply are shaping strategies for long-term housing preservation and portfolio growth.