Hilltop Ridge and The Highlands apartments at Washington Park in Manchester, New Hampshire have traded hands for $88.5 million. The 640-unit apartment portfolio is spread out over 40.8 acres off Front Street and Interstate 293.
The buyer was an affiliate of The DSF Group, while the seller was Hilltop Apartments LLC and WPN Property LLC.
DSF plans to operate the properties as one community in order to gain operational efficiencies. Each of the buildings have new roofs, exterior siding and windows. Ownership has renovated nearly 90% of the apartment homes with upgraded kitchens and baths.
DSF plans to further enhance the property with their signature Halstead amenity program. The DSF Group’s Josh Solomon says, “We look forward to introducing our Halstead brand to this robust rental market.”
CBRE’s Biria St. John and Simon Butler exclusively represented the seller. CBRE’s Brian Eisendrath, Cameron Chalfant and John Kelly procured the financing for the buyer through an agency execution.
Dennis Kaiser is Vice President of Content and Public Relations for
Connect Commercial Real Estate. Dennis is a communications
leader with more than 30 years of experience.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.