OMAHA, NE—Locally based Haley Real Estate Groupsaid Wednesday that it's continuing its strategy of acquiring andrenovating with five recent apartment acquisitions. Theacquisitions from various sellers span three states and total $64.3million.
The company plans to invest an additional $3.4 million forcapital improvements to the communities, which total 1,028apartment units. The addition of the properties increases Haley'sportfolio to 46 properties representing 11,380 units in 13states.
The two largest deals in the portfolio, totaling approximately$47 million and 592 units, were for Woodscape and Forest Lake, bothin Newport News, VA and both acquired from UDR inJuly, according to Real Capital Analytics. The other properties,all acquired in August, include Fox Run Apartments in Broken Arrow,OK; Pryor Creek Apartments in Pryor, OK; and Meadow Walk Apartmentsin Arkansas City, KS.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
