NY Investor Bolsters N VA Portfolio with $115M Buy

Chatsworth Park, a 576-unit apartment community in Manassas, VA, was acquired by Panco Strategic Real Estate Fund III, an affiliate of New York-based Pantzer Properties, for $115 million. Located at at 8100 Chatsworth Dr., the property will be renamed The Point at Manassas and added to the firm’s local portfolio of 25 multifamily properties located throughout Northern Virginia and Maryland.

Transwestern’s Dean Sigmon and Robin Williams represented both the buyer and the unnamed seller.

“There has been extremely high demand for value-add investment opportunities like Chatsworth over the past year,” said Sigmon. “There aren’t enough of these assets on the market to satisfy investor demand, so they are receiving significant attention from domestic and foreign capital.”

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Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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NY Investor Bolsters N VA Portfolio with $115M Buy

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NY Investor Bolsters N VA Portfolio with $115M Buy

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About Dennis Kaiser