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Boston & New England  + New England  + Apartments  | 

New Hampshire MF Portfolio Trades for $89M

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.


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About Dennis Kaiser

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 including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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