O wners , D evelopers & M anagers
M id A tlantic Real Estate Journal — Section B
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$8.2 million Preferred Equity Investment from new $50 million fund Onewall Partners makes First Preferred Income Fund investment
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and Pennsylvania. The com- pany manages all properties through its in-house manage- ment group, One Wall Man- agement. About OneWall Partners OneWal l Partners was founded in 2010 with a pri- mary focus on multi-family real estate assets. A vertically integrated real estate firm, OneWall Partners focuses on transit-oriented and lifestyle- oriented workforce housing, with more than 4,000 units of rental housing in New Jersey and Pennsylvania. Company principals have extensive management expertise across a spectrum of industries in- cluding real estate, health care, logistics and transporta- tion. OneWall Partners’ in- house property management group, OneWall Management, manages all the firm’s assets, and helps to control 100% of the value chain while real- izing significant operational efficiencies.
ENNSYLVANIA — OneWall Partners , an owner and manager
northeast United States. The fund participated with a $8.2 million preferred equity investment in the acquisition of a 35-acre, 32-building gar- den-style apartment complex that offers residents more than 1,000 parking spaces, close proximity to interstate and regional highways, ex- tensive amenities and supe- rior accessibility to nearby employment, education and entertainment options. “This complex provides great homes for renters seek- ing a central location with proximity to jobs and lifestyle amenities,” said Nate Kline , CIO and principal of OneWall Partners. “The assets comple- ment our existing portfolio of workforce housing, and we will implement a mul- timillion-dollar renovation and repositioning program to create additional value for residents and investors. As one of the fastest growing regions in Pennsylvania, the
location has abundant jobs in government, medicine, manufacturing, hospitality and education.” Ron Kutas, COO and prin- cipal of OneWall Partners added, “Our Pennsylvania portfolio now exceeds 2,000 units and this asset seam- lessly bolts into our exist- ing regional management infrastructure while provid- ing a large-scale foothold in a submarket with more than 500,000 residents and ample opportunity for future growth.” OneWall has a strong track record of successful workforce housing investments, and re- cently launched the Fund to deliver diversified, superior risk-adjusted returns from its proven investment niche targeting transit and lifestyle- oriented workforce housing. The Fund is exploring eight to 15 multi-family residential as- sets in the northeast, initially focusing on the States of Penn-
sylvania, New Jersey, New York and Connecticut. OneWall has already identified up to six transactions totaling more than 1,800 apartment units and representing preferred equity investment of up to $27 million. OneWall Partners invests in walkable, transit-orient- ed urban communities and lifestyle-oriented suburban communities with value-add potential and close proxim- ity to major employment cen- ters that contain unaffordable housing. The submarkets the company targets are typically less competitive, undervalued secondary markets close to more competitive, high-priced markets, enabling the company to generate superior deal flow from off-market and pocket listings. Headquartered in Stamford, CT, OneWall Partners is a vertically integrated real es- tate firm that owns and oper - ates more than 4,000 units of rental housing in New Jersey
o f t r an s i t - oriented and lifestyle-ori- ented work- force housing, has allocated the first in- v e s t m e n t from its Nova Appian Pre-
Nate Kline
HI-LIGHTS March 27 - April 9 , 2020 ferred Income Fund I , a $50 million preferred equity fund targeting transit-ori- ented and lifestyle-oriented workforce housing in the Contributing Columnists:
Woodmont Props. to bring award-winning carriage homes to Woodmont Ridge in Upper Macungie
Sara Palovick, CPA WithumSmith+Brown, PC
with a host of new design and layouts to choose from.” Located just west of Al- lentown at 5265 Rockrose Lane, Woodmont Ridge offers residents easy access to fan- tastic shopping, dining and entertainment options. The location is also a commuter’s dream with easy access to I-78, I-476 and the Lehigh Valley Thruway. “Woodmont Ridge has set a new standard for luxury living in the Lehigh Valley, and the addition of the new carriage homes will bring more living options to this magnificent property,” said Lewis Zlotnick, president of Woodmont Properties. “The carriage homes, along with the exquisite amenities avail- able at Woodmont Ridge set among a wooded, serene back- drop will be the perfect place for new residents looking for a balance of convenience and calm.”
UPPER MACUNGIE, PA — Woodmont Properties announced it will bring thirty uniquely-designed award- winning carriage homes to its property, Woodmont Ridge in Upper Macungie. In the heart of the Lehigh Valley, the two-bedroom, two-bathroom carriage homes will feature townhome living with an open floor plan with modern plank floors, gourmet kitchens with quartz countertops and el- egant finishes throughout. A majority of the carriage homes have integrated and are now available for rent. Residents of the carriage homes at Woodmont Ridge will enjoy the property’s re- sort-style amenities, which include an elegant clubhouse, heated swimming pool with sundeck, barbeque terrace with a fire pit, resident lounge, game room, theater room, strength and cardio center, fitness studio with virtual
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Michael Mullin IBS
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Woodmont Ridge in Upper Macungie
classes on demand, indoor pet spa, picnic and courtyard area and an open green space with walking paths. “The township of Upper Macungie has been a tre- mendous partner to us, and we’re thrilled to unveil this excellent addition to the com-
munity,” said Stephen San- tola , executive vice presi- dent and general counsel at Woodmont Properties. “We’ve seen incredible reception to the luxury apartments al- ready completed at Woodmont Ridge and the carriage-style homes will provide residents
Timothy J. Brennan, PE Nave Newell, Inc.
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