22A — December 2025 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
ARAMUS, NJ — New Jersey-based commer - cial real estate firm, CRE firm expands its Ohio footprint with sixth and largest acquisition statewide Reynolds Asset Management closes on landmark 724-unit multifamily community in Ohio P
Reynolds Asset Man- agement (Reynolds) , has acquired Edgewater Land i ng , a 724-unit multifamily community,
Matthew Earl
marking the firm’s sixth ac - quisition in Ohio. In partner - ship with Triangle Capital Group , Reynolds purchased the property, located at 4592
of Newmark Group. “Edgewater Landing marks our third acquisition in Co - Edgewater Landing, a 724-unit multifamily community in Ohio Representing the seller, the deal was brokered by George Skaff and Carter Stephens
lumbus specifically, a market we see as one of the most compelling in the Midwest,” said Matthew Earl , COO of Reynolds. “With continued cor- porate investment, large-scale employment expansion, and strong regional fundamentals, this investment advances our strategy of investing in high- potential properties where thoughtful improvements will drive long-term value and provide top quality housing.” The acquistion of Edgewa- ter Landing was completed through a multifaceted as- sumption and capitaliza- tion process, requiring close coordination with the exist- ing lender, legal teams and partners. Despite the com - plexity of the deal, Reynolds successfully executed the transaction while structur- ing a business plan that balances capital preserva- tion with long-term value creation. Reynolds’ transfor- mative capital improvement program will focus on curb appeal, roofing, building systems, electrical and me- chanical upgrades as well as interior renovations at Edgewater Landing. “This transaction marks our first partnership with Reyn - olds and we’re proud of what we’ve accomplished together,” said Adam Ashourzadeh of Triangle Capital Group. “Reynolds’ vision and execu- tion in the multifamily space aligns well with our own ap- proach and we’re optimistic about the impact we can make together, both in this project and beyond.” “Matthew and the Reynolds team delivered a great execu- tion for our seller and were a pleasure to work with through- out the process,” said George Skaff of Newmark Group. “This deal was a win-win, and we look forward to more op- portunities to work together in the future.” MAREJ
Channing Terrace, with plans to invest over $15 million for significant improvements.
FUTURE -PROOF! HACKER -PROOF! DISASTER -PROOF! SECURE YOUR COMPANY TO THRIVE IN THE NEW DIGITAL ECONOMY.
(973) 575-4950 ibsre.com
Made with FlippingBook - professional solution for displaying marketing and sales documents online