Winston-Salem, North Carolina
Forsyth County publishes the owner of record, assessed value, deed stamps and last sale price of every parcel in Winston-Salem free through public map services, and North Carolina's deed stamps price most sales. Downtown's towers sit in single-purpose LLCs, two have passed through foreclosure since 2022, and the City, the school board and Wake Forest hold the most land.
12 buildings · 12 with an owner established · 29 sources · 8 tier A · 4 tier B · prepared 2026-10-14
Can you find out who owns it?
North Carolina records title by deed with the county Register of Deeds; Winston-Salem lies wholly in Forsyth County. The County Tax Assessor's mapping section keeps what it calls the 'tax scroll' of owners, built from Register of Deeds records, and publishes every parcel's current owner, mailing address, deed book and page, deed date, revenue stamps, total assessed value and last qualified sale price through a free public map service and an online property search, with no account. Prices reach the record because the seller pays the State's deed excise tax of $1 per $500 of price, which the stamps record. The limits: towers sit in single-purpose LLCs, a sale of the owning company shows no price, and the County grants no reuse licence for the data.
Is ownership public?An open dataset names the owner
Cost of one title searchOwner of record free (Forsyth County Tax Parcel Viewer, Detailed Property Information and public parcel feature service, no account). Register of Deeds: uncertified copy $0.25 per page, certified copy $5 first page and $2 each additional; appraisal records printed at 50 cents per page. Deed excise tax $1 per $500 of price, paid by the seller
Bulk ownership dataForsyth County Tax Administration parcel layer (MapForsyth 'Parcels_Hosted' feature service on ArcGIS Online): every parcel in the County with owner, mailing address, deed book/page and date, revenue stamps, total value, assessment method and last qualified sale price; plus the 'Forsyth Sales' transfers layer (residential and commercial sales since 1 Jan 2021, updated weekly, with qualification and disqualification codes). Free, no account; no reuse licence stated
Sale pricesEvery sale, with its address
1
The marquee buildings
The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.
| Building | Use | Owner | Owner type | Last price paid |
|---|---|---|---|---|
| 100 North Main Street (Wells Fargo Center, originally Wachovia Center) 100 N Main Street, Winston-Salem 723,959 sq ft (roll) · 34 floors |
Office | WFC Property LLC The County roll names WFC Property LLC on the city's tallest tower (2.0 acres, built 1994), mailed to 204 N Robinson Ave, Suite 2600, Oklahoma City, assessed at $35.6M by the income method. The same LLC holds 121 N Church St (185,201 sq ft, $6.6M, deed 2019 with no stamps). Wikipedia names the tower 100 North Main Street, 'also known as Wells Fargo Center', originally Wachovia Center, and reports the 2018 purchase by 'WFC Property LLC of Oklahoma City' for $62 million. No opened source calls it Truist Center. No opened filing names the LLC's members. |
Private company | $62,000,000 2018-10-12 Deed book 3429, page 1481; 124,000 revenue stamps x $500 = $62.0M, matching the roll's last qualified sale price. A |
| 200 West Second Street (BB&T Financial Center) 200 W Second Street, Winston-Salem 276,375 sq ft (roll) |
Office | 200 West Land DST The roll names 200 West Land DST (a Delaware statutory trust), mailed to Pineville, NC, on the 1.22-acre parcel, assessed at $14.1M (built 1986). A 2015 CMBS prospectus shows the trust's structure. The land is held in fee and 'ground leased to 200 West Building LLC, an affiliate of the borrower', which 'owns the leasehold interest ... and the improvements'. Branch Banking and Trust Company then occupied about 94.2% of the space and held a right of first offer to buy. Wikipedia's list of tall buildings calls it the BB&T Financial Center. No opened source states a current tenant. |
Private company | $43,250,000 2014-12-23 Deed book 3210, page 2422; 86,500 revenue stamps x $500, matching the roll's last qualified sale price. A |
| Reynolds Building (Kimpton Cardinal Hotel and apartments) 51 E Fourth Street, Winston-Salem 146,497 + 142,188 sq ft in two units (roll) · 21 floors |
Mixed use | 51 East Fourth Street Associates LP; PMC 400 North Church Street Associates LP A condominium. The roll carries three records on the 0.55-acre site. A unit of 146,497 sq ft is held by 51 East Fourth Street Associates LP, a unit of 142,188 sq ft by PMC 400 North Church Street Associates LP, and the common elements by The 51 East Fourth Street Condominium Association Inc. All three are mailed to 1608 Walnut St, Suite 1400, Philadelphia. Wikipedia says PMC Property Group and Kimpton bought the 1929 former RJR headquarters, with the Kimpton Cardinal Hotel below and apartments on floors 7-19. The tie to PMC rests on Wikipedia and the shared address. The public layer shows a total value of 0 for both units, so no assessment is given here. |
Developer | $7,800,000 2015-10-07 Deed book 3179, page 3919 to 51 East Fourth Street Associates LP; 15,600 stamps x $500 = $7.8M, the figure Wikipedia gives for the PMC Property Group and Kimpton purchase. B |
| Winston Tower (former Wachovia Building) 301 N Main Street, Winston-Salem 720,900 sq ft (roll) · 29 floors |
Office | Winston Tower LLC The roll names Winston Tower LLC, mailed to 3021 Bank St, Charlotte, on the 0.86-acre parcel (built 1966), assessed at $17.6M. Wikipedia describes the 1966 tower as the former Wachovia Building and the tallest in North Carolina until 1971, and reports the $14 million purchase by 'Charlotte-based Winston Tower LLC'. Today's assessment is above the 2022 price. |
Private company | $14,000,000 2022-08-17 Deed book 3712, page 3808; 28,000 stamps. The same day, 118 E Third St (143,208 sq ft) went to the same LLC for $4,425,000 (8,850 stamps, deed 3712/3815). A |
| One West Fourth Street 1 W Fourth Street, Winston-Salem 460,941 sq ft (roll) |
Office | AFF III One West Owner LLC The roll names AFF III One West Owner LLC, mailed to 3565 Piedmont Rd NE, Atlanta, on 2.3 acres (built 2000), assessed at $36.9M. The County's Forsyth Sales layer records the 2023 transfer as a loan-based foreclosure at $22.5M, the second-largest foreclosure in Winston-Salem since 2021. Wikipedia's list of tall buildings gives the tower as 211 ft. No opened filing names the LLC's parent. Note that the tower is now assessed above its foreclosure price. |
Private company | $22,500,000 2023-03-17 Foreclosure deed, book 3744, page 4002; 45,000 stamps. The County codes it '1. The transaction is the result of a loan based foreclosure'. A no-stamp deed to the current owner followed on 6 Apr 2023 (3747/4204). A |
| 425 N Cherry Street 425 Cherry Street, Winston-Salem 219,294 sq ft (roll) |
Mixed use | 425 N Cherry St Property Owner LLC The roll names 425 N Cherry St Property Owner LLC, mailed to 1825 Main Street, Weston, Florida, on 2.14 acres zoned CB (built 1983), assessed at $32.0M. This is the largest loan-based foreclosure in the city in the Forsyth Sales layer (2021-26). The 2025 resale, at $6.6M more, is the largest Winston-Salem sale since 2025 on the layer. No opened source states the building's use or brand, so it is recorded here as mixed. The parent of the LLC is not stated. |
Private company | $56,150,000 2025-07-23 Deed book 3875, page 2866; 112,300 stamps. The previous transfer, on 15 Mar 2022 (3682/960, 99,009 stamps = $49,504,500), is coded a loan-based foreclosure. A |
| Wake Forest Innovation Quarter (Ventas / Wexford buildings) 575 N Patterson Ave, 455 and 525 Vine St, 486 N Patterson Ave, Winston-Salem 590,555 sq ft in four parcels (roll) |
Mixed use | Ventas, Inc. (VTR LS Building 91 LLC, VTR Building 60 Holdco LLC, VTR Building 90 Holdco LLC, VTR Bailey Holdco LLC) Four of the district's former tobacco buildings are held by VTR entities: 575 N Patterson Ave ($82.4M, 93,460 sq ft), 525 Vine St ($32.6M, 253,827 sq ft), 455 Vine St ($31.7M) and 486 N Patterson Ave ($27.7M), $174.3M together. Ventas's FY2025 Exhibit 21 lists the 60, 90 and Bailey Holdcos and the Building 91 developer and manager entities. A 2019 Ventas release counts 'Wake Forest Innovation Quarter in Winston-Salem' in Wexford's portfolio. The 2024-25 deeds carry no stamps. Wake Forest University Health Sciences holds 270 E Sixth St ($61.1M) and 409 Vine St, bought 8 Aug 2023 for $37,965,000 (75,930 stamps). WFIQ Holdings LLC holds 21 parcels; its parent is not stated. |
REIT | —B |
| Hanes Mall 3320 Silas Creek Parkway, Winston-Salem 526,683 sq ft on the main parcel (roll); 1,435,164 sq ft centre (Wikipedia) |
Retail | CBL & Associates Properties (Hanes Mall CMBS 2026 LLC; CBL Hanes Mall OP PropCo LLC) The city's highest-valued taxable parcel: 3320 Silas Creek Pkwy, 33.3 acres, $121.1M, held by Hanes Mall CMBS 2026 LLC under a deed of 18 Mar 2026 (book 3914, page 2950) that carries no stamps. Two more pad parcels moved on the same deed. The LLC is mailed to 2030 Hamilton Place Blvd, Chattanooga, the address of CBL Hanes Mall OP PropCo LLC, which holds 160 Hanes Mall Cir and appears in CBL's FY2025 Exhibit 21. CBL's Q2 2026 10-Q says Hanes Mall is in the pool securing a $425.0M secured mall loan due 2031 at 7.40%. That fits a transfer into a borrower entity, but the CMBS LLC itself was not found in an opened filing. Anchor parcels held by others are not included. |
REIT | —B |
| Reynolds American / R. J. Reynolds Plaza Building 401 N Main Street, Winston-Salem 536,110 sq ft (roll) |
Office | R. J. Reynolds (roll: 'Reynolds R J Inc'), a BAT subsidiary The roll names 'Reynolds R J Inc', mailed to PO Box 2959, Winston-Salem, on 401 N Main St (1.73 acres, built 1981), assessed at $35.5M. BAT's 2025 Annual Report gives 401 N. Main Street as the address of R. J. Reynolds Tobacco Company and other U.S. subsidiaries, and calls Winston-Salem 'our U.S. headquarters'. Other city holdings include 950 Reynolds Blvd ($39.1M), 2901 Shorefair Dr ($18.5M) and 4040 Reynolds Ct ($15.2M). The Tobaccoville plant (7201 Doral Dr, 555.56 acres, $130.8M) is outside the city. The roll name does not exactly match a BAT subsidiary, so the tie rests on the address. |
Public company | —B |
| Truist Stadium (former BB&T Ballpark) 951 Ballpark Way, Winston-Salem 8.16 acres |
Civic | City of Winston-Salem The roll names the City of Winston-Salem on 951 Ballpark Way (8.16 acres, deed book 2913, page 2019, dated 2009). The public layer shows a total value of 0, as it does for most exempt parcels. Wikipedia gives the City as owner, an opening on 10 Apr 2010 at a cost of $48.7 million, and the name BB&T Ballpark from 2010 to 2020. A 1.06-acre parcel at 929 Ballpark Way belongs to Twin City Landco LLC of New York (2024 deed, 3,706 stamps = $1.85M); its relation to the stadium is not stated. |
Government | —A |
| Smith Reynolds Airport 3801 N Liberty Street, Winston-Salem 559.85 acres (roll) |
Civic | County of Forsyth The roll names the County of Forsyth, mailed to 201 N Chestnut St, on 559.85 acres at 3801 N Liberty St under a deed of 9 Feb 2022 (book 3674, page 3917). The deed carries no stamps, and the layer shows no value, as it does for exempt land. Wikipedia's infobox still gives the owner as the Airport Commission of Forsyth County. The deed on the roll is the more recent record, but this record did not read the deed itself, so its terms are not stated. Forsyth County also holds 4001 N Liberty St (37.3 acres) next door. |
Government | —A |
| Wake Forest University (Reynolda campus) 1834 Wake Forest Road, Winston-Salem 213.9 acres (main parcel) |
Institutional | Wake Forest University The roll names Wake Forest University on 1834 Wake Forest Rd (213.9 acres) and on 177 parcels in the city, about 779 acres. Most are exempt and show no value on the public layer. The taxable part is $72.3M, including 2315 Coliseum Dr ($2.3M). The university also holds the 74.7-acre Reynolda Rd tract and 499 Deacon Blvd (41.5 acres). The academic medical centre is recorded separately: Wake Forest University Health Sciences, NC Baptist Hospitals Inc and the joint 'WFU Health Sciences/NCBH Inc' hold 108 parcels (123 acres, $213.3M taxable), including 301 Medical Center Blvd (326,082 sq ft, built 2023). None of those owner names is Atrium Health. |
Institution | —A |
2
The core land
The most valuable ground in the city, and what the public record says about it.
Winston-Salem's most valuable taxable ground is not downtown. It is Hanes Mall and the industrial parks to the south-west and east. The downtown business improvement district as a whole is assessed at less than six times the mall parcel. Values are total assessed values (2025 reappraisal) on the County's public parcel layer, read 14 Oct 2026, for parcels whose centroids fall inside the City's corporate limits. On that layer, exempt parcels mostly show a value of 0 and 851 City parcels read 'VALUE PENDING', so public and institutional ground is under-counted. Prices are the stamp-implied prices (stamps x $500), which matched the stated price on 34,034 of 34,038 City transfers in the Forsyth Sales layer.
Highest-valued taxable parcel$121,126,400
3320 Silas Creek Pkwy (Hanes Mall), Hanes Mall CMBS 2026 LLC (CBL), 33.33 acres. Next: 2950 Temple School Rd (Caterpillar Inc, 99.6 acres, $89.2M) and 575 N Patterson Ave (VTR LS Building 91 LLC, Ventas, $82.4M). Forsyth County parcel layer, Oct 2026.
All City of Winston-Salem parcels$33.34 billion
99,351 parcels inside the corporate limits (86,489 acres by the limits layer; 73,740 acres of parcels). 5,848 of them show a total value of 0, mostly exempt land. Forsyth County as a whole: $55.88B over 167,652 parcels. Forsyth County parcel layer and corporate limits, Oct 2026.
Downtown business improvement district$693.9 million
558 parcels, 148 acres, inside the 'Downtown WS BID' municipal service district. The highest are One West Fourth ($36.9M), 100 North Main ($35.6M), RJR's 401 N Main ($35.5M), 501 W Fourth St apartments ($34.7M) and 425 Cherry St ($32.0M). Exempt civic and Innovation Quarter buildings largely show no value. Forsyth County layers, Oct 2026.
Largest recorded transfer, 2021-26$105,000,000
A 23-parcel industrial portfolio on Old Greensboro Rd, Bridgeport Dr, Shields Rd, South Park Dr and nearby, to BRI TIP LLC, 16 Oct 2023 (deed 3777/1421, 210,000 stamps; coded 'A', two or more parcels). The largest single-parcel sale is 545 Power Plant Cir to TBR Plant 64 Owner LLC, $83.5M, 9 Mar 2023 (167,000 stamps; coded 'E', related parties). Forsyth Sales layer.
Largest recorded sale since 2025$56,150,000
425 Cherry St to 425 N Cherry St Property Owner LLC, 23 Jul 2025 (deed 3875/2866, 112,300 stamps), three years after a $49.5M loan-based foreclosure transfer of the same parcel. Next is a $44.0M deed of 18 Nov 2025 (88,000 stamps) to CCM Properties Five LLC for a 149,493 sq ft parcel at the Hanes Mall address, assessed at $14.1M. It is coded 'H', meaning the seller keeps possession or a lease, and the same buyer took four more parcels that day. Then $34.5M to Realty Income's MDC NC2 LP for 390 Business Park Dr (8 Jul 2026, multi-parcel). Forsyth Sales layer.
Loan-based foreclosures, 2021-26309 transfers
City transfers coded '1' or 'Z' ('the result of a loan based foreclosure') in the Forsyth Sales layer, Jan 2021 to Sep 2026. By year: 35, 67, 55, 66, 42 and 44 (2026 to date). 294 were residential or residential-vacant and 15 commercial. The two large commercial ones are 425 Cherry St ($49.5M, 2022) and One West Fourth ($22.5M, 2023).
3
Who owns the town
At this scale the significant owner is rarely a trust or a fund: it is one or two local holding companies, a family in its second or third generation, and often the land around the town rather than the buildings in it.
In Winston-Salem the largest landholder by area is the City, which owns about 5,680 acres, a fifth of it the Salem Lake watershed. The school board, Wake Forest University and the County come next. The County's single largest parcel is Smith Reynolds Airport. Concentration in private hands shows up in two places: RJR's corporate campus, and rental-house platforms that each hold several hundred houses (see commercial). Counts group every spelling of an owner's name among the 99,351 Forsyth County parcels whose centroids fall inside the City's corporate limits (read 14 Oct 2026). Acres are the layer's computed parcel area. The public layer shows a total value of 0 on most exempt parcels, so public and institutional land carries no dollar figure here.
| Name | Type | City of Winston-Salem parcels, Forsyth County roll, Oct 2026 |
|---|---|---|
| City of Winston-Salem Owner name 'CITY OF WINSTON SALEM' in every spelling. The largest is the Salem Lake tract at 815 Salem Lake Rd (1,181 acres). Next come 2790 New Walkertown Rd (292 acres), Reynolds Park Rd (176 acres) and the Truist Stadium site. Countywide, the City holds 1,134 parcels and about 6,630 acres. The public layer shows no value on almost all of them because they are exempt, so City land has no dollar total here. The City ABC Board's parcels are not counted. |
Government | 1,061 parcels, about 5,680 acresA |
| Winston-Salem/Forsyth County Board of Education Five spellings of the board's name, mostly 'WINSTON SALEM/FORSYTH COUNTY BOARD OF EDUCATION' (143). The largest sites are 5705 Shattalon Dr (67.9 acres), 3200 Renon Rd (56.2 acres) and 3605 Old Greensboro Rd (47.9 acres). Countywide: 245 parcels, about 2,147 acres. The layer shows no value for these exempt parcels. |
Government | 179 parcels, about 1,212 acresA |
| Forsyth County 'FORSYTH COUNTY' (61) and 'COUNTY OF FORSYTH' (13). Smith Reynolds Airport makes up more than half of it: 3801 N Liberty St, 559.85 acres on the roll (525 by the layer's computed area), deeded in 2022. Next are 4001 N Liberty St (37.3 acres, a 323,965 sq ft building) and the Sturmer Park Cir site (38.3 acres). Countywide: 112 parcels, about 3,462 acres. |
Government | 74 parcels, about 922 acresA |
| Wake Forest University The Reynolda campus at 1834 Wake Forest Rd (213.9 acres), the 74.7-acre Reynolda Rd tract, 499 Deacon Blvd (41.5 acres) and 2825 University Pkwy (33.0 acres). All of its parcels are inside the city. The exempt parcels show no value; the $72.3M is the value of the parcels that are assessed. |
Institution | 177 parcels, about 779 acres; $72.3M taxableA |
| Wake Forest University Health Sciences and North Carolina Baptist Hospitals Owner names include 'Wake Forest University Health Sciences', 'N C Baptist Hospitals Inc', 'Wake Forest University Baptist Medical Center', joint 'WFU Health Sciences/NCBH Inc' and 'Med Found of BGSM & NCBH Inc'. Taxable holdings sit mostly in the Innovation Quarter: 270 E Sixth St ($61.1M), 409 Vine St ($47.2M) and 635 Vine St ($38.0M). None of the names on the roll is Atrium Health, so this record does not say whether Atrium holds anything through these entities. |
Institution | 108 parcels, about 123 acres; $213.3M taxableA |
| State of North Carolina Owner name 'STATE OF NORTH CAROLINA'. The roll gives no institution behind the name, so Winston-Salem State University's campus cannot be separated from other State land by owner name. The WSSU foundations hold 6 parcels (25 acres) in their own names, and 'N C School of the Arts' holds 5 (9.2 acres). The NC Department of Transportation and the former State Highway Commission hold 551 more parcels (494 acres), mostly right-of-way remnants. Countywide, the State holds 189 parcels and 897 acres. |
Government | 163 parcels, about 374 acresA |
| Housing Authority of the City of Winston-Salem 'HOUSING AUTHORITY OF CITY OF WINSTON SALEM' (119) and one variant, all inside the city. The largest are 2700 Piedmont Cir (21.5 acres), 1050 E Fifteenth St (14.3 acres) and 3751 Stoney Glen Dr (11.9 acres). Exempt; no value on the layer. |
Government | 120 parcels, about 119 acresA |
| Duke Energy 'DUKE POWER CO' (88), 'Duke Energy Carolinas LLC' (9) and two other variants. These are substations and corridors. The public layer shows no value for them, and how utility property is valued was not read from a source. Countywide: 252 parcels and about 3,007 acres. |
Public company | 103 parcels, about 251 acresA |
| R. J. Reynolds (BAT) 'Reynolds R J Inc', 'R J Reynolds Inc', 'R J Reynolds Tobacco Co' and RJR Road LLC. The holdings are the 401 N Main headquarters ($35.5M), 950 Reynolds Blvd ($39.1M), 2901 Shorefair Dr and 4040 Reynolds Ct. Countywide, the same names hold 25 parcels, about 892 acres and $265.6M, most of it the Tobaccoville plant (555.56 acres, $130.8M) outside the city. Whether RJR Road LLC is affiliated is not stated by any source. The tie to BAT rests on BAT's 2025 Annual Report, which lists the RJR companies at 401 N. Main Street. |
Public company | 15 parcels, about 105 acres; $118.1MB |
| Norfolk Southern and predecessor railways Owner names 'Norfolk Southern Railway Company', 'N & W Railway Co', 'Norfolk & Western Railroad', 'Southern Railway Co' and 'Southern Railroad Co' on the roll. Several of these are older railway names that the roll still carries. Another 4 parcels (13.1 acres) stand in the name of the 'W S Southbound Railway'. The layer shows no value for rail land. Countywide: 25 parcels, about 306 acres. |
Public company | 20 parcels, about 130 acresA |
| Novant Health 'NOVANT HEALTH INC' (13) and related entities. The largest is the 60.4-acre campus at 3333 Silas Creek Pkwy, which is exempt. Novant Health Realty Holdings LLC holds 196 Hanes Mall Cir ($14.4M), and Novant Health Rehabilitation Hospital of Winston Salem LLC holds 2475 Hillcrest Center Cir ($23.8M). Countywide: 22 parcels, about 212 acres. |
Institution | 16 parcels, about 127 acres; $57.2M taxableA |
| Vulcan Lands Inc Quarry land. Countywide: 55 parcels, about 891 acres. No opened filing names Vulcan Lands Inc's parent, so it is not stated here. |
Private company | 27 parcels, about 350 acres; $5.5MA |
| Hubbard Realty of Winston-Salem Inc A local real-estate company under three spellings, plus two parcels held jointly. Countywide: 142 parcels, about 662 acres. Who controls it was not read from a source. |
Private company | 82 parcels, about 346 acres; $19.0MA |
| Ogburn Investments Inc Two related company names: 'Ogburn Investments Inc' (152) and 'an affiliated real-estate company' (85). These are mostly small commercial and rental parcels around downtown and N Liberty St. The two share a mailing address (PO Box 20189). Parcels held by individuals with the same surname are not counted. |
Private company | 238 parcels, about 175 acres; $43.3MA |
5
Who builds the houses
New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.
New homes in Winston-Salem are now almost all single-family houses, built mostly by national public builders on the city's edges. The Census place file counts 1,364 one-unit permits in 2025 ($330.0M) against a single 12-unit apartment building. In 2024 the city permitted 1,168 houses and 871 apartments in 65 buildings of 5+ units, so the 2025 apartment pipeline nearly stopped. The city reported all 12 months both years. No Winston-Salem builder league table is published, and the roll does not name contractors. The figure here is lots in the builder's own name inside the City on the County roll (Oct 2026), split by whether the layer shows a building on the lot. That measures a builder's pipeline, not its completions.
| Name | Type | Parcels in builder's name in the City, Oct 2026 |
|---|---|---|
| D.R. Horton, Inc. Held in the parent's own name, 'DR HORTON INC'. Most of the lots show no value yet on the layer ($4.7M in all). Rows for individuals with the surname Horton are excluded. |
Public company | 178 parcels, 172 without a buildingA |
| LGI Homes (LGI Homes - NC, LLC) The roll spells it two ways: 'LGI HOMESNC LLC' (90 parcels) and 'LGI HOMES NC LLC' (20). LGI's FY2025 Exhibit 21.1 lists 'LGI HOMES - NC, LLC', a North Carolina limited liability company. |
Public company | 110 parcels, 102 without a buildingA |
| True Homes LLC A private builder. No opened filing names its owners, so they are not stated here. |
Private company | 99 parcels, 97 without a buildingA |
| Forestar USA Real Estate Group Inc A lot developer that sells finished lots to builders, rather than a homebuilder. Its relation to D.R. Horton was not read from an opened filing, so it is not stated here. |
Public company | 26 parcels, all without a buildingA |
| CMH Homes Inc Clayton Properties Group Inc holds 3 more lots. No opened filing names the parent of either entity, so it is not stated here. |
Private company | 24 parcels, all without a buildingA |
| PulteGroup (Pulte Home Company, LLC) Few lots, but large unsubdivided tracts: 134 acres in 13 parcels, $3.6M, 12 of them without a building. PulteGroup's FY2025 Exhibit 21 lists 'Pulte Home Company, LLC' (Michigan). |
Public company | 13 parcels, about 134 acresA |
6
Commercial landlords
The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.
Winston-Salem's large private landlords are a health-care REIT on the old tobacco district downtown, a mall REIT on the city's biggest taxable parcel, an industrial net-lease REIT in its business parks, and single-family rental platforms. The rental platforms hold more houses here than in most cities this size. Downtown office towers stand in single-purpose LLCs whose parents no opened filing names (see marquee), so they are not counted here. Figures are the County roll's total value and building square feet for parcels inside the City's limits (Oct 2026), grouped under entity names that the landlord's own SEC filing confirms.
| Name | Type | City parcels on the Forsyth roll, Oct 2026 |
|---|---|---|
| Ventas (Wexford Science & Technology) The Innovation Quarter buildings: VTR LS Building 91 LLC (575 N Patterson Ave, $82.4M), VTR Building 90 Holdco LLC (525 Vine St, $32.6M), VTR Building 60 Holdco LLC (455 Vine St, $31.7M) and VTR Bailey Holdco LLC (486 N Patterson Ave, $27.7M). Ventas's FY2025 Exhibit 21 names the Holdcos and the Building 91 developer and manager entities. The largest single office or lab landlord in the city's core by assessed value. |
REIT | 4 parcels, 590,555 sq ft, $174.3MA |
| American Homes 4 Rent (AMH) Rental houses in the names of AMH NC Properties LP (371, under four spellings), AMH 2015-2 Borrower LLC/LP (112), AMH 2015-1 Borrower LLC (55) and AMH NC Properties Two LP (27). AMH's FY2025 Exhibit 21.1 names AMH NC Properties, L.P., AMH NC Properties Two, LP and the 2015-1 and 2015-2 Borrower partnerships. The roll's 'LLC' forms of the borrower names do not match the Exhibit exactly. AMH is the largest owner of houses in the city by count. |
REIT | 565 houses, 946,895 sq ft, $159.4MA |
| CBL & Associates Properties Hanes Mall: Hanes Mall CMBS 2026 LLC (3 parcels including the $121.1M main mall parcel, deeded 18 Mar 2026) and CBL Hanes Mall OP PropCo LLC (160 Hanes Mall Cir). Both are mailed to CBL's Chattanooga address. CBL's Exhibit 21 names CBL Hanes Mall OP PropCo, LLC. Its Q2 2026 10-Q puts Hanes Mall in the pool securing a $425M loan due 2031. Anchor parcels held by others are not counted. |
REIT | 4 parcels, 535,565 sq ft, $122.6MB |
| Realty Income Industrial buildings held by MDC NC1 LP (6), MDC NC2 LP (5) and MDC NC3 LP (1), mailed to San Diego. They include 390 Business Park Dr (526,320 sq ft, $31.5M; bought 8 Jul 2026 for $34.5M as part of a multi-parcel deed, 69,000 stamps), 295 Business Park Dr (315,669 sq ft, $25.9M) and 4560 Kester Mill Rd (257,080 sq ft). Realty Income's FY2025 Exhibit 21.1 lists MDC NC1, NC2 and NC3, LP. |
REIT | 12 parcels, 1.25M sq ft, $99.6MA |
| National Health Investors All in the name NHI REIT of Seaside LLC under one deed (book 3252, page 705), at Homestead Hills Dr, Homestead Club Dr and Fieldgate Forest Dr: a retirement community of a main building ($20.2M), a second building ($13.1M) and cottages. NHI's March 2026 guarantor list names NHI-REIT of Seaside, LLC. The roll does not name the operator. |
REIT | 78 parcels, 199,102 sq ft, $56.1MA |
| Invitation Homes IH3 (17), IH2 (13), IH6 (10), IH4 (4) and IH5 (4) Property North Carolina LP, plus 2018-2 IH Borrower LP (16), 2024-1 IH Borrower LP (9), 2018-3 IH Borrower LP (4) and two smaller names. Invitation's FY2025 Exhibit 21.1 names IH2, IH3 and IH6 Property North Carolina, L.P. and 2018-2 IH Borrower L.P. The other names are counted on the strength of the shared naming pattern. |
REIT | 79 houses, $21.4MB |
?
Looked for and not found
Claims this page would have made if a source could be opened. They are left out rather than guessed.
- Who stands behind the single-purpose owners of downtown's towers: WFC Property LLC (100 North Main, Oklahoma City address), 200 West Land DST and 200 West Building LLC (200 W Second; the 2015 prospectus names an individual sponsor, who is not named here), Winston Tower LLC (Charlotte), AFF III One West Owner LLC (Atlanta) and 425 N Cherry St Property Owner LLC (Weston, FL). No opened filing names their parents.
- Whether 100 North Main is now called 'Truist Center', as the brief suggested. Every opened source calls it 100 North Main Street, Wells Fargo Center or Wachovia Center. 'Truist' attaches in opened sources only to the ballpark (Truist Stadium, formerly BB&T Ballpark). BB&T's own Winston-Salem buildings are 200 W Second St, a ground-leased DST, and 101 N Cherry St, which is held in the name Branch Banking and Trust Company ($25.5M; 2017 deed with 44,275 stamps = $22.1M, against a roll 'last qualified sale' of $27.1M that does not match the stamps).
- The use of 425 Cherry St (219,294 sq ft, built 1983) is not stated in any opened source.
- FirstKey Homes: the 'FKH SFR' partnerships hold 509 City houses ($157.6M), MCH SFR entities 151 ($45.7M) and PR Borrower 28 LLC 63 ($15.5M). None of their parents was confirmed in an opened filing, so they are left out of the commercial table.
- The Reynolds Building condominium units and some new subdivisions show a total value of 0 or 'VALUE PENDING' on the public layer. The County's property record cards (a JavaScript app) may carry fuller values but were not read.
- Smith Reynolds Airport: the roll names the County of Forsyth under a 2022 deed, while Wikipedia gives the Airport Commission of Forsyth County. The 2022 deed was not read.
- Winston-Salem State University's campus. The roll's 'STATE OF NORTH CAROLINA' rows do not name the institution, and there is no legal-description field on the public layer to separate them.
- Atrium Health's position. The medical centre's parcels stand in the names of Wake Forest University Health Sciences and North Carolina Baptist Hospitals. No opened source was read on how those entities relate to Atrium Health or Advocate Health.
- Forestar and CMH Homes parents, and the parents of WFIQ Holdings LLC (21 Innovation Quarter parcels), TBR Plant 64 Owner LLC and BRI TIP LLC.
- The text of North Carolina's deed excise statute (G.S. 105-228.30) was not read: ncleg.gov blocked earlier records' scripts and was not retried here. The $1-per-$500 rate is shown by the County's own data, where stamps x $500 equals the sale price on 34,034 of 34,038 City transfers since 2021.
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Sources
- Parcels_Hosted (Forsyth County Tax Administration parcel layer, MapForsyth): owner name, owner mailing address, deed book-page, deed date, deed stamps, assessment method, total value, acreage, last qualified sale price, zoning, building sq ft and year built; 167,652 parcels read 14 Oct 2026, 99,351 with centroids inside the City of Winston-Salem's corporate limits — Forsyth County Tax Administration / MapForsyth GIS · openA
- Corporate Limits layer (Fire MapServer layer 2): municipality polygons; 'WS' (Winston-Salem) 86,488.65 acres — Forsyth County GIS (terraweb.co.forsyth.nc.us) · openA
- Tax Administration, Mapping / GIS: the Mapping Section 'provides a listing of property owners, technically known as a "tax scroll," based on information obtained from real estate records in the Register of Deeds office' — Forsyth County Tax Administration · openA
- Tax Administration, Real Estate Appraisal / Ownership: 'Real estate appraisal records may be purchased at a cost of 50 cents per page'; 'January 1 is the day on which the value, ownership, and location of real property is determined' — Forsyth County Tax Administration · openA
- Geo-Data Explorer: Tax Property Portal, Tax Parcel Viewer, and 'The Forsyth Sales App provides users with Residential and Commercial Sales in Forsyth County, NC since Jan 1, 2021. Sales data in this app is updated weekly' — Forsyth County Tax Administration · openA
- Register of Deeds, Fees: standard document $26 first 15 pages; certified copy $5 first page, $2 each additional; uncertified copy $0.25 per page — Forsyth County Register of Deeds · openA
- SalesApp_Hosted ('Transfers'): parcel ID, sale date, sale price, deed book/page, stamps, qualification and disqualification codes and descriptions, property class; 80,984 transfers — Forsyth County Tax Administration / MapForsyth GIS · openA
- Tax Parcel Viewer web application configuration (splash disclaimer, NCGS 153A-463) — MapForsyth (Forsyth County) · openA
- '100 North Main Street' (raw wikitext): 34-floor, 460 ft office tower, 'also known as Wells Fargo Center', originally Wachovia Center (1995); 'owner = WFC Property LLC'; 'A filing posted October 15, 2018, showed that WFC Property LLC of Oklahoma City purchased the building for $62 million' (citing Winston-Salem Journal, 16 Oct 2018) — Wikipedia · openB
- 'Winston Tower' (raw wikitext): formerly the Wachovia Building, 29 floors, completed 1966; an August 17, 2022 Register of Deeds filing shows Charlotte-based Winston Tower LLC bought the building for $14 million — Wikipedia · openB
- COMM 2015-DC1 Mortgage Trust prospectus supplement (424B5, 4 Mar 2015): mortgaged property '200 West Second Street' ($26,000,000 loan); 'the entire mortgaged property is ground leased to 200 West Building LLC, an affiliate of the borrower, which affiliate owns the leasehold interest ... and the improvements'; sub-tenant Branch Banking and Trust Company 'occupies approximately 94.2% of the net rentable area' and holds a right of first offer to purchase; third-tier Delaware statutory trust '200 West Beneficial Holding DST' — SEC EDGAR · openA
- Reynolds Building (raw wikitext): Art Deco, 314 ft, 21 floors, completed 1929 as R. J. Reynolds Tobacco Company headquarters; 'Philadelphia-based PMC Property Group ... and San Francisco-based Kimpton Hotels & Restaurants Group bought the Reynolds Building for $7.8 million'; Kimpton Cardinal Hotel (174 rooms) on the lower floors and apartments on floors 7-19 — Wikipedia · openB
- Ventas, Inc. Form 10-K FY2025, Exhibit 21 subsidiaries: 'VTR Building 60 Holdco, LLC', 'VTR Building 90 Holdco, LLC', 'VTR Bailey Holdco, LLC', 'VTR LS Building 91 Developer, LLC (f/k/a Wexford Building 91 Developer, LLC)', 'VTR LS Building 91 Manager, LLC', 'Wexford Winston-Salem Building 91, LLC' (filed 6 Feb 2026) — SEC EDGAR · openA
- Ventas, Inc. 8-K exhibit 99.2 (8 Feb 2019): Wexford Science & Technology's university-anchored portfolio includes 'Wake Forest Innovation Quarter in Winston-Salem, NC' — SEC EDGAR · openA
- CBL & Associates Properties, Inc. Form 10-Q for the quarter ended 30 Jun 2026: a $425.0 million non-recourse 'secured mall loan due 2031' at 7.40%, secured by a pool including Hanes Mall — SEC EDGAR · openA
- CBL & Associates Properties, Inc. Form 10-K FY2025, Exhibit 21 subsidiaries: 'CBL Hanes Mall OP PropCo, LLC North Carolina'; 'Hanes Mall Parcels, LLC North Carolina' (filed 3 Mar 2026) — SEC EDGAR · openA
- CBL & Associates Properties, Inc. 8-K exhibit 99.1, Q1 2026 supplemental: 'CONSOLIDATED ENCUMBERED ASSETS Malls: ... Hanes Mall Winston-Salem, NC' — SEC EDGAR · openA
- British American Tobacco p.l.c. Annual Report 2025 (6-K, 13 Feb 2026): 'our U.S. headquarters in Winston-Salem'; subsidiary list giving '401 N. Main Street, Winston-Salem, NC 27101' for R. J. Reynolds Tobacco Company, R.J. Reynolds Tobacco Holdings, Inc. and others; 'Tobaccoville Operations Centre in North Carolina' — SEC EDGAR · openA
- 'Truist Stadium (Winston-Salem)' (raw wikitext): 951 Ballpark Way; former name BB&T Ballpark (2010-2020); opened 10 Apr 2010; owner City of Winston-Salem; cost $48.7 million — Wikipedia · openB
- 'Smith Reynolds Airport' (raw wikitext): infobox 'owner = Airport Commission of Forsyth County'; general aviation airport 3 miles north-east of downtown — Wikipedia · openB
- 'Hanes Mall' (raw wikitext): owner and manager CBL Properties; floor area 1,435,164 sq ft — Wikipedia · openB
- American Homes 4 Rent Exhibit 21.1 (FY2025): 'AMH NC Properties, L.P.', 'AMH NC Properties Two, LP', 'AMH 2015-1 Borrower, L.P.', 'AMH 2015-2 Borrower, L.P.' — SEC EDGAR · openA
- Invitation Homes Inc. Exhibit 21.1 (FY2025): 'IH2 Property North Carolina, L.P.', 'IH3 Property North Carolina, L.P.', 'IH6 Property North Carolina, L.P.', '2018-2 IH Borrower L.P.' — SEC EDGAR · openA
- Realty Income Corp. Exhibit 21.1 (FY2025): 'MDC NC1, LP', 'MDC NC2, LP', 'MDC NC3, LP' (Delaware) — SEC EDGAR · openA
- National Health Investors, Inc. S-3ASR exhibit 22.1, subsidiary guarantors (16 Mar 2026): 'NHI-REIT of Seaside, LLC' — SEC EDGAR · openA
- Building Permits Survey, place files South Region 2025 and 2024 (annual): Winston-Salem, NC (2025: 1-unit 1,364 units, $330,029,819; 2-unit 0; 3-4 unit 0; 5+ units 1 building, 12 units; 12 months reported. 2024: 1-unit 1,168; 2-unit 58; 3-4 unit 37; 5+ units 65 buildings, 871 units) — U.S. Census Bureau · openA
- PulteGroup, Inc. Exhibit 21 subsidiary listing (FY2025): 'Pulte Home Company, LLC Michigan' — SEC EDGAR · openA
- LGI Homes, Inc. Exhibit 21.1 (FY2025): 'LGI HOMES - NC, LLC, a North Carolina limited liability company' — SEC EDGAR · openA
- Municipal Service Districts layer (TPV_Main MapServer layer 18): 'DOWNTOWN WS B I D' (MSD code DW, ordinance D-28544, effective 2014), used to select downtown parcels — Forsyth County Tax Administration GIS · openA