Search
 

DSF Enters Westchester with Apt. Buy

WHITE PLAINS-A 124-unit corporate apartment property owned by Korman Communities since 2004 has traded for $34 million to DSF, which is repositioning it.

By Paul Bubny | Updated on June 28, 2013

WHITE PLAINS-Korman Communities‘ AVE White Plains, an extended-stay corporate apartment building at 25 Martine Ave. here, has traded to the DSF Group. Waltham, MA-based DSF, which paid $34 million, will reposition the 124-unit property as luxury rentals, according to published reports.

The acquisition, made free and clear of existing debt, marks the New York metro area debut for DSF, which has a portfolio of more than four million square feet of commercial and multifamily, mainly in suburban Boston and Washington, DC’s Virginia suburbs. “DSF has been very active in the Northeast during the last several years,” says Jose Cruz, senior managing director with HFF, in a release. “This was DSF’s first acquisition in the New York area and they did a great job of working through the transaction and closed on time.” 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.