Leste Group, SAR Partner on Columbus Multifamily Portfolio
Leste Group’s real estate debt and structured equity arm and investment firm SAR Apartment Capital have completed the $23.6-million acquisition of four multifamily properties in Columbus, OH totaling 556 apartments. All four properties are located in the Northeast submarket of Columbus, which has seen healthy demand over the past decade.
The properties in the portfolio include the 135-unit Winterwood Apartments, the 99-unit Winterwood Gardens, the 160-unit Tall Oaks Apartments and the 162-unit East Worthington. They will undergo renovations of both exterior and interior spaces.
“Columbus is facing a demand for quality workforce apartment housing, and we see significant upside potential supported by the area’s demographic trends,” said Jordan Suppan, managing director of Leste Credit. “This portfolio represents a unique opportunity to add value through targeted capital improvements, and we believe these communities have the potential to become market-leading multifamily locations in the Columbus area.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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