SUFFERN, NY—Castle Lanterra Properties has concluded a banner year.
The privately-owned real estate company, based here, acquired nearly 2,000 multifamily units, valued at $330 million. The highlight of 2015 was the acquisition of the 544-unit Harbor Pointe in Bayonne, on New Jersey's Gold Coast. The year also marked CLP's entry into two new markets, Austin, TX and Tuscaloosa, AL.
"The past year encompassed consistent growth through strategic acquisitions," says Elie Rieder, founder and CEO of CLP, "providing the foundation for continued expansion in 2016. Our vision is to continue to seek opportunities with outstanding rates of return for our investors while providing tenants with a positive quality of life and creating communities that become a strong source of pride for residents and their neighbors."
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
