Le Lézard
Classified in: Business
Subject: RLE

DSF Completes the Sale of Halstead Manchester for $164.6 Million


MANCHESTER, N.H., Aug. 12, 2022 /PRNewswire/ -- DSF announced today that it has sold Halstead Manchester, a 640-unit market-rate apartment community located at 22A Country Club Drive in Manchester, NH.

CBRE Capital Markets' multi-housing experts Biria St. John, Simon Butler and John McLaughlin exclusively represented an affiliate of The DSF Group from Boston, MA.

Spread out over nearly 41 acres, the community is comprised of 16 three-story residential buildings and two single-story amenity buildings with two swimming pools.

DSF announces that it has sold Halstead Manchester for $164.6 M, the largest single apartment transaction in NH history.

Originally built between 1981 and 1985, two of the buildings were completely rebuilt between 2013 and 2014. In February 2020, DSF completed their signature Halstead amenity package, allowing Halstead Manchester to rival newer apartment communities in the Manchester market.

In addition to the Halstead amenities, ownership completed significant operating expense reduction initiatives. These green initiatives included replacing boilers with high efficiency models, installing LED lighting and low-flow fixtures, resulting in significant utility savings.

"This sale represents the largest total consideration for a single apartment transaction in the state's history and marked the successful conclusion of our investment strategy for the asset. The New Hampshire market continues to be the top performing market in all of New England," stated Josh Solomon, President of The DSF Group.

About The DSF Group

With greater than $4.5 billion invested in over 12,000 multi-family units, offices in Boston and Washington D.C. and decades of deep-seated experience, The DSF Group strives to create unique, award-winning properties. We acquire well located multi-family properties near transportation hubs and then reposition the properties through the implementation of well thought out renovations, amenities and technology. From development and renovations through construction and asset management, financing and design, we are hands-on operators. The steady involvement of our principals drives the results of every project we invest in. For more information please visit: www.thedsfgroup.com

Contact: Michelle Michaud
Honor Code Creative
[email protected]

SOURCE The DSF Group


These press releases may also interest you

at 18:20
Wilmington Reports on Voting Results
Wilmington Capital Management Inc. ("Wilmington") held its Annual and Special Meeting of Shareholders on May 6, 2024 in Calgary, Alberta and all two nominees proposed for election to the board of directors by holders of Class A Shares and all three...

at 18:20
B2Gold Reports Q1 2024 Results; Cash Operating Costs and All-In Sustaining Costs Below 2024 Annual Guidance Ranges; Update on Goose Project Following Successful Completion of 2024 Winter Ice Road Campaign
B2Gold Corp. ("B2Gold" or the "Company") announces its operational and financial results for the first quarter of 2024. All dollar figures are in United States dollars unless otherwise indicated. 2024 First Quarter Highlights Total gold production...

at 18:20
Maxim Power Corp. Announces 2024 First Quarter Financial and Operating Results with Revenue of $35 million and Net Income of $10 million
Maxim Power Corp. ("MAXIM" or the "Corporation") announced today the release of financial and operating results for the first quarter ended March 31, 2024. The unaudited condensed consolidated interim financial statements, accompanying notes and...

at 18:10
Nexus Industrial REIT Announces May and June Distributions
Nexus Industrial REIT ("Nexus" or the "REIT") announced today the declaration of the May and June 2024 distributions. The REIT will make a cash distribution in the amount of $0.05333 per unit, representing $0.64 per unit on an annualized basis,...

at 18:10
Fortinet Reaffirms Its Commitment to Secure Product Development Processes and Responsible Vulnerability Disclosure Policies
RSA Conference 2024 Jim Richberg, Head of Cyber Policy and Global Field CISO at Fortinet "At Fortinet, we have a long-standing commitment to being a role model in ethical and responsible product development and vulnerability disclosure. As part of...

at 18:08
K&B Transportation, Inc. to Equip Entire Fleet with E-SMART
E-SMART, a leading dynamic speed management provider, announced today that K&B Transportation, Inc., an industry leader in refrigerated transportation will equip its fleet of more than 700 trucks with its E-SMART dynamic speed management technology....

More news about Business...


News published on and distributed by: