September 23, 2022
Mamaroneck, NY - September 23, 2022 – LRE Management LLC (“LRE”), a national real estate private equity firm, today announced that a Joint Venture entity in which it has an 85% equity interest has sold Sunridge Apartments (“the Property”), a 332-unit multifamily property located at 145 Pioneer Parkway in the Grand Prairie area of Dallas. The property sold for $33,000,000, five years...
July 6, 2022
Mamaroneck, New York – July 6, 2022 - LRE Management LLC (“LRE”), a national real estate private equity firm, announced that a Joint Venture entity in which it has an equity interest completed the acquisition of Club Meridian Apartments (“the Property”), a 406-unit multifamily property located in Okemos, MI, a suburb of East Lansing. LRE contributed $17.1 million of equity in...
June 7, 2022
Mamaroneck, NY - June 7, 2022 – LRE Management LLC (“LRE”), a national real estate private equity firm, today announced that a Joint Venture entity in which it has an 85% equity interest has sold Madison Grove Apartments, a 171-unit multifamily property located at 7045 N 7th St. in the Uptown area of Phoenix. The property sold for $51,300,000, or $300,000 per unit, four years after...
March 11, 2022
Mamaroneck, New York – March 11, 2022 - LRE Management LLC (“LRE”), a national real estate private equity firm, announced that a Joint Venture entity in which it has an 90% equity interest completed the acquisition of Esperanza Apartments (“the Property”), a newly developed 244-unit multifamily property located in San...
January 10, 2022
Mamaroneck, New York – January 10, 2022 - LRE Management LLC (“LRE”) announced that an entity in which it has an equity interest completed the acquisition of The Village at Apison Pike (“the Property”), a 248-unit multifamily property located in Chattanooga, TN. An LRE related entity contributed $8.2 million of equity in connection with the acquisition. Mortgage debt was obtained...
August 31, 2021
Mamaroneck, New York – August 31, 2021 - LRE Management LLC (“LRE”) announced that an entity in which it has an 85% equity interest completed the acquisition of the Vue on 67th (“the Property”), a 178-unit multifamily property located in Davie, FL, within the Miami-Fort Lauderdale MSA. An LRE related entity contributed $12 million of...
February 15, 2021
Harrison, New York – February 15, 2021 - LRE Management LLC, a New York based national real estate investment company, announced that an entity in which it has an 90% equity interest acquired Legacy Ridge Apartments, a 374-unit multifamily property located in Atlanta, Georgia. An LRE related entity contributed $16 million of equity in connection with the acquisition and anticipated...
June 28, 2020
Harrison, New York: LRE Management LLC announced that an entity in which it has an 78% equity interest acquired Ardmore Apartments, a 291-unit multifamily property located in Fayetteville, North Carolina. An LRE related entity contributed $9.5 million of equity in connection with the acquisition and anticipated improvements to the property. Mortgage debt was obtained for the purchase that...
January 1, 2020
Harrison, New York- December 31, 2019. LRE Management LLC announced that an entity in which it has a 75% equity interest acquired Firewheel Apartments, a 366-unit multifamily property located in San Antonio, TX. An LRE related entity contributed $16 million of equity in connection with the acquisition and assumed existing mortgage debt that matures in 2024 and carries an interest rate of...
September 8, 2019
Harrison, New York- September 8, 2019: LRE Management LLC announced the sale of Stonington Estates, a 71-unit multifamily property located in Norwich, Connecticut in which an LRE entity had a 70% joint venture equity interest. The property sold for $9.2MM three years after acquiring it for $6.8MM and executing a value-add strategy by renovating a majority of the interior units. The sale...