Collings at Lumberyard, is a 104 unit luxury apartment building located in downtown Collingswood, NJ. A walkable, and transit-oriented suburban town, Collingswood provides an easy commute to Philadelphia via public transportation. The PATCO Speedline is a ten minute walk from Collings at Lumberyard and provides residents with quick access to all the amenities and employment opportunities in Center City Philadelphia. The property includes a 1,500 plus square foot retail space currently occupied by a successful local brewery. Built in 2013, the property is in good physical condition and has a solid resident base. Merion plans to make interior upgrades, including LED lighting retrofit and updates to unit finishes. Additionally, exterior improvements will be made and a revenue management system will be put in place to maximize rental premiums from these upgrades.
Acquires Bay Point Villas
Merion Realty Partners, on behalf of its joint venture partners, acquired Bay Point Villas in St. Petersburg, Florida. This 136 unit property will undergo a transformative renovation which will target a segment of the renter pool who is looking for an affordable, well...
