BOSTON–COPA Actual Property Investments, LLC introduced the acquisition of Webster Village, a luxurious boutique residence complicated within the Boston South Shore submarket of Hanover, MA in partnership with Lengthy Wharf Capital (“LWC”).
Accomplished in 2017, the Property consists of 76 one- and two-bedroom items in two elevatored buildings with a full-time administration crew, health middle, outsized resident membership rooms with kitchen and a recreation space, and well-appointed landscaped grounds. Following the acquisition, the property will probably be rebranded as Webster Woods, reflecting the non-public, boutique, and nature-focused themes of COPA’s funding technique. The property will probably be managed by John M. Corcoran & Firm.
In response to COPA Principals Phillip Bakalchuk and Ed Olchowicz, “We’re very excited to shut on Webster Village as our second acquisition beneath the COPA umbrella. The South Shore is a submarket that now we have lengthy focused with the City of Hanover providing top-rated colleges, sturdy native demographics, commuter line and freeway accessibility to Boston, and an abundance of close by high-quality retail {and professional} companies. We plan to start introducing choose widespread space enhancements and premium unit upgrades over the approaching months, together with a reconfigured administration workplace, outside kitchen and hearth pit amenity, and a canine park. Moreover, our technique additionally contemplates the set up of rooftop photo voltaic as a way of decreasing the property’s carbon footprint and offsetting ever-increasing electrical bills”.
“Lengthy Wharf Capital brings important experience and sources to this venture, and COPA appears to be like ahead to working collectively on future tasks to ship high quality funding outcomes,” they added.
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