(Read more on the multifamily market.)
MIDDLETOWN, NY-A portfolio of five multi-family assets,including two locally based communities, has changed hands.Coolidge Equities, a subsidiary of Houlihan Parnes/iCap RealtyAdvisors of White Plains, acquired 655 units or four of the fiveproperties from A&R Fuel, according to officials with theKislak Company of Woodridge, NJ, which brokered the deal.
The portfolio includes two Middletown communities--Country Manoron Stratford Lane, a 180-unit garden-style property and the160-unit Stevens Manor at the intersection of Silver and Scotchtownroads. Coolidge Equities purchased both the Country Manor andStevens Manor communities. In a separate deal, A&R Fuel soldanother Orange County-based property, Greenhouse Apartments, a69-unit multifamily complex on Stewart Avenue in Newburgh, to GHARealty.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
