GoldOller Real Estate Investments announced the acquisition of the 208-unit Pierpoint Apartment Homes and the 170-unit The Groves both in Port Orange, FL, adjacent to Daytona Beach. With these latest acquisitions, GoldOller now owns and manages more than 3400 rental apartments in nine communities in North and Central Florida. Both Pierpoint and The Groves enjoy high occupancy and consistent financial performance. GoldOller will make extensive capital improvements to the clubhouses, landscaping, amenities and exteriors as well as interior upgrades.
"We welcome Pierpoint and The Groves to our growing portfolio in Florida and are thrilled to expand our presence in the Daytona Beach area where we continue to have great success with our Ocean Oaks Community," said Richard Oller, Chairman and Co-Founder of GoldOller. "Now with three beautiful communities in the close proximity, we can leverage our management resources and deliver an enhanced experience to residents," Oller said.
According to Jill Hinton, GoldOller's VP of Operations, "Our teams hit the ground running and have already begun introducing our signature Life on the GO amenities and programs at both properties. As always, our goal is to create a sense of community and ensure that every resident truly feels that This is Home," Hinton added.
Jake Hollinger, GoldOller partner and COO, said: "As our portfolio continues to grow throughout the United States, so does our enthusiasm, creativity, and commitment to our residents. Our extraordinary team knows how to deliver results by creating a unique experience at each property from day one. They love the opportunity each new acquisition presents."
GoldOller Real Estate Investments announced the acquisition of Charter Court Apartments (formerly School Lane House Apartments) for $56 Million. Charter Court consists of 500 units within two interconnected eleven story towers at 5450 Wissahickon Ave. in the East Falls section of Philadelphia.
According to GoldOller's Chairman Richard Oller, GoldOller intends a major renovation of the property that will address virtually every aspect of the iconic 50's vintage building, restoring it to the grandeur of its past.
"This is our first apartment acquisition in the Philadelphia area in years and for me this is walk down memory lane. As a kid who grew up in Philadelphia, I have great memories visiting relatives who lived there. In the summer we would take the train to Queen Lane, walk a block and spend the day swimming at the apartment pool which was like a country club experience. I loved the view of the City from the apartment and I always remember feeling important when I was greeted by door staff who always remembered my name, I intend to bring back that feeling for all residents," Oller said.
"We are very bullish on Charter Court and the historic East Falls section of Philadelphia. Our plan is to implement renovations and service enhancements while maintaining a price advantage over our local competition in East Falls and at a significant discount to comparable Center City properties," said Jake Hollinger, GoldOller Partner and COO. "From GoldOller's inception, we have consistently produced excellent returns for our investors by employing this value enhancement strategy and we are confident that our success will continue with Charter Court."
Charter Court residents will benefit from a complete restoration of the buildings and the grounds. Renovations will include a new high efficiency HVAC system, new windows, upgraded hallways, a new 5,000 square foot fitness palace, an onsite spa and dry cleaner, bark park, and a cyber café. Additionally, all of the apartments will be upgraded with brand new kitchens and bathrooms including granite countertops and high end fixtures.
"Residents will begin enjoying enhanced GoldOller lifestyle management services immediately," saidJoseph Eisenstein, GoldOller's Charter Court project coordinator. "We are taking great care to complete our improvements without disruption to existing residents, many of whom are long-term. Key to this success is enhanced 24 hour professionalized staffing and sophisticated operational technology to notify residents of activities like free fitness classes and other GO branded lifestyle services."
Accordingly, to Kate Muckenhirn, GoldOller's Marketing and Brand Manager, Charter Court checks all the boxes. "The location is perfect; a short walk to Philadelphia University, Drexel University Medical School, William Penn Charter Academy and Germantown Friends School, the Queen's Lane SEPTA rail station, and a ten-minute drive into the Center City. The current amenities are great but the new amenities will be the talk of the town. The unit mix includes studios, one, and two bedroom homes with affordable rents. Add to that our GoldOller 'Life On The Go' Services, and it's a home run."
PHILADELPHIA, June 27, 2016 -- GoldOller Real Estate Investments announced its acquisition of Westhaven at Vinings Apartments in metropolitan Atlanta. This is GoldOller's tenth apartment acquisition in the Atlanta area since 2012 and brings GoldOller's Atlanta apartment portfolio to more than 3000 units.
Westhaven at Vinings is a gated 610 unit resort-style community nestled in the historic Vining's district ofAtlanta adjacent to Buckhead. Amenities include four swimming pools, an athletic club, outdoor kitchens amidst lush rolling landscape, stunning upgraded interiors, Wi-Fi business center cafe, treetop club house and resident lounge.
According to GoldOller Chairman, Richard Oller: "Westhaven at Vinings caters to discerning residents seeking luxury rental homes and a very active, carefree lifestyle in one of Atlanta's best locations. We are thrilled to include this exceptional property in our portfolio and especially excited to welcome the talented and enthusiastic Westhaven at Vinings site team to GoldOller."
Jill Hinton, GoldOller' s VP of Operations, added that GoldOller will immediately introduce its signature GO LIFESTYLE services at the property, which includes complimentary fitness classes, health and nutrition programming and host of resident events. "Our primary objective is making sure our residents feel the love and enjoy every aspect of their magnificent homes while enjoying all of our amenities and sharing in an extraordinary community experience," Hinton said.
Jake Hollinger, GoldOller partner and COO, said: "We have had great success in the Atlanta market. Our residents continually reward us for the quality of our services and communities by choosing GoldOller when there are so many other options. Our Atlanta occupancy, cash flow and investment returns have been exceptional, and, as relative newcomers to the market we could not be more pleased. We are confident that the trend will continue with the addition of Westhaven at Vinings."
Formed in 2008 by industry veterans Richard Ollerand Jeffery Goldstein, GoldOller is an emerging leader in the multi-family housing industry and an innovative owner-operator of apartment communities throughout the United States. GoldOller owns and operates apartment communities in 17 States valued in excess of 1.5 billion dollars, containing about 14,000 units.
GoldOller Real Estate Investments announced its acquisition of Westhaven at Vinings Apartments in metropolitan Atlanta. This is GoldOller's tenth apartment acquisition in the Atlanta area since 2012 and brings GoldOller's Atlanta apartment portfolio to more than 3000 units.
Westhaven at Vinings is a gated 610 unit resort-style community nestled in the historic Vining's district of Atlanta adjacent to Buckhead. Amenities include four swimming pools, an athletic club, outdoor kitchens amidst lush rolling landscape, stunning upgraded interiors, Wi-Fi business center cafe, treetop club house and resident lounge.
According to GoldOller Chairman, Richard Oller: "Westhaven at Vinings caters to discerning residents seeking luxury rental homes and a very active, carefree lifestyle in one of Atlanta's best locations. We are thrilled to include this exceptional property in our portfolio and especially excited to welcome the talented and enthusiastic Westhaven at Vinings site team to GoldOller."
Jill Hinton, GoldOller' s VP of Operations, added that GoldOller will immediately introduce its signature GO LIFESTYLE services at the property, which includes complimentary fitness classes, health and nutrition programming and host of resident events. "Our primary objective is making sure our residents feel the love and enjoy every aspect of their magnificent homes while enjoying all of our amenities and sharing in an extraordinary community experience," Hinton said.
Jake Hollinger, GoldOller partner and COO, said: "We have had great success in the Atlanta market. Our residents continually reward us for the quality of our services and communities by choosing GoldOller when there are so many other options. Our Atlanta occupancy, cash flow and investment returns have been exceptional, and, as relative newcomers to the market we could not be more pleased. We are confident that the trend will continue with the addition of Westhaven at Vinings."
