Conserve Holdings Closes 2023, Expanding Portfolio with Two Prominent Acquisitions

Conserve Holdings, a leading real estate investment firm, proudly announces the successful closing of two strategic acquisitions, marking a momentous end to 2023. These transactions, completed in less than four weeks, underscore Conserve Holdings' ability and commitment to seizing timely investment opportunities. The deals were funded entirely with internal capital, showcasing the company's financial prowess and flexibility in meeting tight timeframes.

The first acquisition is the Northcliffe Forest Apartments, featuring 288 units and established in 1988, situated in the city of Winston-Salem, North Carolina. This acquisition showcases Conserve Holdings' dedication to investing in quality properties with immense potential for long-term value and growth.

Conserve Holdings would like to extend a special thanks to Hunter Bowling at Cushman & Wakefield, the exceptional sales broker who played a pivotal role in facilitating the transaction. The company also expresses gratitude to the seller of Northcliffe Forest Apartments for their cooperation throughout the process.

The second acquisition is the Cottage Trails Apartments, a Class A property comprising 183 units, built in 2012, nestled in the beautiful Chesapeake, Virginia. This acquisition represents a significant milestone in Conserve Holdings' growth trajectory and exemplifies the company's ability to identify and secure prime risk-adjusted investment opportunities.

Conserve Holdings extends its sincerest appreciation to Charles Wentworth, Garrison Gore, Victoria Pickett, and the entire team at Newmark for their exceptional brokerage services and tireless efforts in making the Cottage Trails Apartments acquisition a reality. The company also acknowledges the support provided by Rodney Shenman and Pranav Sarda at KeyBank, who served as lenders for this project.

Furthermore, Conserve Holdings would like to express gratitude to their legal counsel, David Hager at Jeffrey Zwick and Associates, for their invaluable guidance throughout the acquisition process.

Conserve Holdings congratulates the sellers of Cottage Trails Apartments for their collaboration and trust in the company.

The exceptional team members at Conserve Holdings, including Shmuel Wagner, Annie Cobb, Tracy Doster, Jared Badillo, April McAlexander, and others, deserve special recognition for their hard work, dedication, and unwavering commitment. Their contributions have been instrumental in these successful closings and are a testament to the company's strong foundation.

Conserve Holdings is excited about the future and is confident that these achievements will propel the company to even greater heights. The company looks forward to further expanding its portfolio and forging new partnerships in the real estate industry.