The trust paid $379.1 million to acquire five communities totaling 1,685 units in Northern Virginia, as part of a larger portfolio acquisition that will be funded through the sale of office and retail assets. NYSE-listed Washington Real Estate Investment Trust (WashREIT) has now closed on its $379.1 million acquisition of a portfolio of five multifamily assets
CBRE proudly recognizes Pantzer Properties as a Top 10 Multi-Family Buyer for the Mid-Atlantic Region for 2017 / 2018.
On December 19, 2018, Panco Strategic Real Estate Fund IV acquired The Point at Glen Mills (formerly known as Redstone at Concordville Town Centre). The Class A midrise property is located in Glen Mills, PA and consists of 230 units across 13.6 acres. The Property was built in 2016.
Philadelphia, PA (December 4, 2018) – Panco Management, operator of multifamily assets, was recently awarded the prestigious Property Manager and Assistant PropertyManager awards at the New Jersey Apartment Association’s (NJAA) 25th Annual Garden State Awards. Judged by a panel of multifamily (apartment) industry experts from New Jersey and beyond, the celebrated achievement distinguishes Panco as
On November 30, 2018, Panco Strategic Real Estate Fund IV acquired The Point at Stoughton (Coppermill Park Apartments). The Class A garden-style community is located in Stoughton, MA and consists of 154 units across 8.6 acres. The Property was built in 2010.
On October 31, 2018, Panco Strategic Real Estate Fund IV acquired The Point at Andover (formerly known as Avalon Andover). The Class A garden-style community is located in Andover, MA and consists of 115 units across 9.1 acres. The Property was built in 2012.
On October 18, 2018, Panco Strategic Real Estate Fund IV acquired The Point at Herndon (formerly known as Halstead Dulles). The property consists of 244 Class A mid-rise apartment units. The Class A mid-rise community is located in Herndon, VA and consists of 244 units across 8.3 acres. The Property was built in 2004.
On July 31, 2018, Panco Strategic Real Estate Fund III acquired Portfolio Edge, which consists of three institutional quality, Class A- garden-style apartment communities totaling 958 units. These communities are called The Point at Marlborough (274 units formerly known as The Heights at Wheeler Hill), in Marlborough, MA, The Point at Pennbrook Station (346 units
On July 17, 2018, Panco Strategic Real Estate Fund III acquired The Point at Hudson (formerly known as Matrix Hudson). The Class A mid-rise community was built in 2016 and is located in Hudson, MA and consists of 176 units.
The New York-based firm is financing the property through Freddie Mac, whose debt was secured by HFF. GERMANTOWN, MD–Pantzer Properties has picked up another Washington DC area apartment asset with its purchase of Rolling Hills, a 468-unit community, for $87.75 million. HFF marketed the property on behalf of the seller, Clark Enterprises. HFF also secured debt financing for