• Kurt Ward

West Burlington Apartment Complex Sold for $36.2 Million

An upscale apartment community under construction in West Burlington has a new set of owners. Diamondback Investment Group of Greensboro sold Burlington Saint Marks on Saint Marks Church Road to a newly formed LLC named Saint Marks Crossing. Saint Marks Crossing is owned by Leonard Kern of Star and Richard Kern of Asheboro. The Kerns paid $36.2 million for the 183-unit apartment community, which is beside the State Employees Credit Union on Saint Marks Church Road. The construction of the complex is expected to be complete by the end of this year.

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