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Cortland has acquired a portfolio of residential properties across seven states, including the former Oakwood Arlington in Arlington, VA.

Cortland’s Portfolio Acquisition Brings Tally to 85K Units under Management

Atlanta, GA-based Cortland has acquired a portfolio of residential real estate properties across seven states, bringing the firm’s total number of apartment homes to nearly 85,000.

Eastdil Secured represented the seller across the portfolio.

The portfolio includes several properties that had been primarily focused on corporate housing. Cortland’s vertically integrated platform will fully reimagine these communities and convert them to class A apartment homes with modern finishes and first-class amenities.

“The repositioning of corporate housing communities is a great opportunity for Cortland to offer more best-in-class resident experiences across the country,” said Mike Altman, CIO at Cortland.

The portfolio reinforces Cortland’s s position in Sunbelt and high-growth markets including Dallas, Atlanta, Raleigh and Denver, where the firm already has a significant presence.

“These regions are growing at an unprecedented rate as demand continues for well-located, highly-amenitized apartment homes,” said Altman.

Among the planned transformations is Cortland’s third community in VA, Cortland Arlington, formerly Oakwood Arlington.

Photo: Cortland Arlington

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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