BOSTON, MA – TA Realty, a leading provider of real estate investment management services to institutional and private investors, announced that it bought, on behalf of a separate account relationship with a state pension fund, Hanover at Vinnin Square, a 184-unit multifamily property in Swampscott, MA, for $67 million. The transaction marks the second property TA Realty has bought on behalf of the separate account.

“Our investment philosophy focuses on making diversified real estate portfolios that generate strong cash flow, benefit from intensive asset management and result in long-term value creation,” said Mike Haggerty, Partner at TA Realty. “This acquisition represents the continuation of our efforts to construct a well-diversified portfolio designed for a long-term hold that meets the objectives of TA Realty and our strategic partner.”

Hanover at Vinnin Square, located at 330 Paradise Road, is a newly constructed luxury apartment property located in an amenity rich location with brilliant proximity to a Whole Foods and public transportation. The property, which was delivered to the market in Q1 2016, features scenic views, dramatic living spaces with high ceilings, expansive windows, custom color accent walls and open-concept gourmet kitchens.

TA Realty is among the largest and most experienced providers of real estate investment management services to institutional and private investors. Since its inception in 1982, TA Realty has managed more than $25 billion of real estate assets through a series of value-added, commingled funds and customized core separate accounts.

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PORTLAND, OR – Pinnacle, one of the nation’s leading multifamily management firms, announced it has assumed management services for two garden style communities in the Portland metropolitan service area. MonteVista at Murrayhill is located at 14900 SW Scholls Ferry Road in Beaverton’s Murrayhill neighborhood and Cedar Crest sits in the heart of the city at 48000 SW Meuller Drive. Both properties benefit from convenient access to major employment hubs, restaurants, shopping and entertainment.

“Hunt is very excited about our partnership with Pinnacle to manage these exceptional multifamily assets,” said James Dobbie, senior vice president of Hunt Development Group. “Both communities are poised for success with competitive amenities in the peaceful surroundings of Beaverton. Working together, we will continuously improve the onsite experience to meet the needs of residents.”

Nestled in the Murrayhill neighborhood with breathtaking views and lush surroundings, the 288-unit MonteVista community offers nine unique floorplans with interior upgrades that include a white tile kitchen backsplash, two-tone cabinet faces, Stainless steel appliances and high-end lighting and plumbing packages. Exterior amenities feature an outdoor living room with a gas fireplace and BBQ along with a pet washing station. Upcoming renovations will focus on the outdoor living area, fitness center, clubhouse and model.

MonteVista is just minutes from Highway 217 and I-5 with quick travel to downtown Portland, Washington Square Mall, and Progress Ridge Shopping Center. The property is also walking distance to cozy coffee shops, unique restaurants with lakeside seating, luxury movie theatres and friendly dog parks.

Cedar Crest is a 254-unit community surrounded by acres of green space and wetlands. With the choice of four spacious floorplans, residents delight in wood burning fireplaces, vaulted ceiling, and quality lighting and plumbing packages. This pet-friendly property is perfectly landscaped with walking paths and pet stations and features the convenience of a business center.

Situated just minutes from the well-known Beaverton Farmer’s Market and City Library, Cedar Crest has simple access to sandy beaches or skiing on Mount Hood via Highway 26 as well as downtown Portland and Cedar Hills Shopping Center.

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