Continues to Strategically Invest in Portland Market

Berkshire Group announced the purchase of Cook Street Apartments in Portland, Oregon, from Seattle-based developer, Lake Union Partners. The 206-unit, Class A apartment community located in the Williams District of urban Portland will be managed by Berkshire Communities, the property management division of Berkshire Group. This transaction represents Berkshire Group’s second multifamily investment in urban Portland in 2016 following the Lower Burnside Lofts acquisition in February.

BOSTON-- Berkshire Group announced an affiliate of the company purchased a 264-unit Class A property in Fort Lauderdale, Florida, from The Related Group. Specific financial terms of the transactions were not disclosed. The property, which will be renamed Berkshire Lauderdale by the Sea, will be managed by Berkshire Communities, the property management subsidiary of Berkshire Group.

MORGAN, a leader in upscale multifamily development, construction and property management, has sold its 331-unit The Edge at Flagler Village multifamily property in Fort Lauderdale to an institutional investor. This midrise apartment building is located in the heart of Fort Lauderdale’s urban core. MORGAN completed construction on The Edge in January 2015.

Signal Holdings, LLC, parent company of Signal Restoration Services, headquartered in Troy, Michigan and specializing in large commercial and industrial restoration projects throughout the United States, has acquired Sentinel Group, LLC, a highly-regarded property restoration firm, based in Ardsley, New York , serving the Tri-State region.