McCann Realty Partners Expands Portfolio with New Acquisition
McCann Realty Partners Acquires Reserve South Apartment Homes
McCann Realty Partners is thrilled to announce their recent acquisition of Reserve South Apartment Homes, a vibrant community of 200 residences. This notable asset adds to McCann's extensive portfolio, showcasing their commitment to providing high-quality multifamily living experiences.
Understanding Reserve South Apartment Homes
Originally built in the late 1980s, Reserve South is a garden-style apartment community boasting a harmonious blend of 2 and 3-bedroom floorplans. The community is beautifully arranged across more than 20 acres, offering residents access to an array of exceptional amenities. These include a refreshing swimming pool, well-maintained outdoor grilling areas, a sport court, a dog park for furry residents, a fully-equipped fitness center, and a welcoming resident lounge. The low-density layout of the property promotes a peaceful living environment, ideal for families and working professionals alike.
Prime Location and Accessibility
Strategically located, Reserve South Apartment Homes provides residents convenient access to major transportation arteries such as Midlothian Turnpike and Chippenham Parkway. Close proximity to significant employment hubs and popular shopping venues, including Chippenham Hospital and Stonebridge Shopping Center, enhances the community's appeal. This focus on accessibility makes Reserve South an attractive choice for potential residents.
Plans for Renovation and Enhancement
As part of its acquisition strategy, McCann plans to implement exciting upgrades at Reserve South. Potential enhancements include modernizing apartment features with new appliances, improved flooring, and stylish countertops in select units. Moreover, planned improvements to communal areas, including renovations to the pool, aim to foster a refreshing environment, while new clubhouse facilities and park-style grilling zones will elevate the overall community experience.
Expertise by McCann Realty Partners
Leading the charge on this acquisition, Thomas Upson, Managing Director at McCann, expressed enthusiasm about the opportunities at Reserve South. “We are excited to bring our team's expertise to these properties,” he stated. This sentiment was echoed by McCann's President, Matt Akin, who articulated that this acquisition aligns perfectly with their value-add strategy. Akin believes that enhancing both the physical property and its operational efficiency will significantly improve the living experience for all residents.
Future Endeavors of McCann Realty Partners
Looking ahead, McCann Realty Partners continues to explore new acquisition and development opportunities throughout the Mid-Atlantic, Southeast, and Texas regions. This progressive approach signals their commitment to growth and improvement in multifamily investment, with the aim of setting new standards for quality living.
About McCann Realty Partners
McCann Realty Partners stands as a premier multifamily investment firm dedicated to creating value through innovative solutions and disciplined execution. With seasoned professionals at their helm, the firm partners with institutional investors to acquire, develop, and operate multifamily communities across key markets. Their dedication to enhancing the quality of life for their residents is evident in every project they undertake.
About Pegasus Residential
As part of McCann's commitment to property management excellence, Pegasus Residential functions as a crucial subsidiary in the multifamily housing landscape. With a robust presence across 12 states and a strong team of over 1,000 associates, Pegasus focuses on delivering exceptional property management services. They manage more than 50,000 units, assuring quality service and resident satisfaction.
Contact Information
For inquiries about opportunities in acquisitions or developments, individuals can reach Thomas Upson at (804) 708-1708. For additional insights about Pegasus Residential, Dana Caudell can be contacted at (561) 245-1079.
Frequently Asked Questions
What is the significance of McCann’s recent acquisition?
This acquisition bolsters McCann's portfolio, exemplifying their strategy to improve living standards through targeted renovations.
What amenities are available at Reserve South Apartment Homes?
Reserve South boasts a pool, fitness center, dog park, outdoor grills, and a resident lounge, among other features.
How does the location of Reserve South benefit residents?
The community's location provides easy access to major routes and significant employment and shopping centers.
What are the future plans for Reserve South?
Future plans include upgrading apartment units and enhancing communal amenities for a better resident experience.
Who can be contacted for more information about McCann and its properties?
For inquiries, Thomas Upson and Dana Caudell are the contacts for McCann and Pegasus Residential, respectively.
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