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MIDDLETOWN, NY-A portfolio of five multi-family assets, including two locally based communities, has changed hands. Coolidge Equities, a subsidiary of Houlihan Parnes/iCap Realty Advisors of White Plains, acquired 655 units or four of the five properties from A&R Fuel, according to officials with the Kislak Company of Woodridge, NJ, which brokered the deal.

The portfolio includes two Middletown communities--Country Manor on Stratford Lane, a 180-unit garden-style property and the 160-unit Stevens Manor at the intersection of Silver and Scotchtown roads. Coolidge Equities purchased both the Country Manor and Stevens Manor communities. In a separate deal, A&R Fuel sold another Orange County-based property, Greenhouse Apartments, a 69-unit multifamily complex on Stewart Avenue in Newburgh, to GHA Realty.

Also included in the Coolidge Equities transaction were two properties in Dutchess County--the 246-unit Village Crest Apartments on Maloney Road in the Town of Poughkeepsie and the 69-unit Hopewell Gardens on Route 376 in East Fishkill. M&T Realty Capital provided financing for all but the Greenhouse Apartments property. HSBC funded the Greenhouse Apartments purchase.