Located off Rte. 234, Wellington consists of 35 low-rise structures spread out over a 26-acre parcel. Among the amenities highlighting the property are a clubroom, business center, state-of-the-art fitness facility, a playground as well as racquetball and tennis courts.
"The acquisition of Wellington Place is an excellent fit with the portfolio we have been constructing for AVF II," SSR Realty senior portfolio manager Jeff Morris Sr. says. "The property is expected to benefit from the strength of the local apartment market and from the Fund's value-added strategy, which includes exterior upgrades and the correction of deferred maintenance items."
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