2016-02 Greenhall Capital Partners Acquires Multi-family Building 95 Burnside Avenue
Washington, DC – Private investment firm Greenhall Capital Partners, LP today announced that it has agreed to acquire 95 - 107 Burnside Avenue, a set of multi-family buildings in the Mid-Atlantic. Funds will be invested to make significant improvements to the property. In addition, Greenhall will upgrade the standard of service to meet the growing demand for high quality living in the area. The buildings were acquired in Q4 2015 and closed this month, increasing the units under Greenhall control. Otis Ofori, Principal of Greenhall Capital, said: “We are delighted to continue to expand our partnerships with our local operators in the region.” Equity for the transaction, details of which were not disclosed, came from Greenhall Capital Real Estate (GCRE).
Mr. Ofori went on to say, “We are humbled by the confidence investors have placed in our proven real estate team. This asset will enable us to continue to capitalize on current and long-term real estate investment opportunities. We are proud to acquire such a quality asset in a market with some of the lowest vacancy rates in the Mid-Atlantic.”
GCRE is the U.S. Real Estate platform for Greenhall, which seeks to acquire and invest in real estate assets and opportunities below $50 million in Washington, DC, New York City and opportunistic secondary markets in the Mid-Atlantic region.
* * * * * About Greenhall Capital Partners, LP Greenhall Capital Partners is a private investment fund focused on real estate, special situation credit investing and taking equity positions through managed buyouts, growth capital investments and leveraged recapitalizations in lower middle market companies. We invest in opportunities below $50 million. Greenhall specifically targets sectors in Real Estate, Professional Services, and Information Technology. The firm is headquartered in Washington, DC and maintains an office in New York.