High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Boston & New England  + New England  + Opportunity Zones  | 

MF Development Site Acquired in Portland, Maine Opportunity Zone

Huntington, NY-based URS Capital Partners acquired more than seven acres of land in a Qualified Opportunity Zone where it plans to build Latitude at South Portland, a 256-unit multifamily project in South Portland, ME. URS was able to utilize a combination of private equity sourced through URS’ private network of high net worth investors, combined with a construction loan from Bar Harbor Bank.

URS Capital Partners’ Christopher Urso says, “The South Portland market is severely underserved with the occupancy rate hovering around 95%.” He says, URS plans to hold the asset for 10 years to maximize the OZ benefits.

The developer plans to break ground this month and reach stabilization in 36 months. The project will include high quality finishes, attractive floor plans and amenities comparable to properties in Portland’s city center at an attractive price point.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With URS Capital Partners’ Urso

About Dennis Kaiser

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.

  • ◦Development
  • ◦Sale/Acquisition
New call-to-action
New call-to-action