Merion Realty Partners, on behalf of its joint venture partners, acquired Countryside Village Apartments, a 448 unit apartment community located in Manchester, NH. The property will undergo a comprehensive capital improvement program including a clubhouse renovation, amenity upgrade, and an interior unit value-add program. These improvements will help differentiate the community from similar vintage properties. Countryside, when compared to the immediate competitive set, has the best physical site plan, best amenity package, and the largest clubhouse and community center. With limited new supply coming to Manchester and excellent apartment fundamentals, Merion believes it is an excellent time to enter the market.
Merion Acquires North Pointe and Fox Run Apartments
Merion Realty Partners acquired Fox Run and North Pointe Apartments as part of a two-property portfolio totaling 666 apartment units. The assets are located within Clifton Park, NY which boasts strong demographics and top-rated schools and is located nearly...
