{"id":456,"date":"2021-05-04T14:48:00","date_gmt":"2021-05-04T14:48:00","guid":{"rendered":"https:\/\/www.FriedmanCommunities.com\/blog\/2021\/05\/04\/friedman-real-estate-in-conjunction-with-friedman-communities-announces-the-successful-disposition-of-a-multi-state-multi-family-portfolio-on-behalf-of-its-esteemed-ny-based-client\/"},"modified":"2021-08-17T14:59:38","modified_gmt":"2021-08-17T14:59:38","slug":"friedman-real-estate-in-conjunction-with-friedman-communities-announces-the-successful-disposition-of-a-multi-state-multi-family-portfolio-on-behalf-of-its-esteemed-ny-based-client","status":"publish","type":"post","link":"https:\/\/www.FriedmanCommunities.com\/blog\/2021\/05\/04\/friedman-real-estate-in-conjunction-with-friedman-communities-announces-the-successful-disposition-of-a-multi-state-multi-family-portfolio-on-behalf-of-its-esteemed-ny-based-client\/","title":{"rendered":"Friedman Real Esate In Conjunction With Friedman Communities, Announces The Successful Disposition Of A Multi-State Multi-Family Protfolio On Behalf Of Its Esteemed NY Based Client"},"content":{"rendered":"

Friedman Real Estate<\/a> in conjunction with its Multi-Family Management arm, Friedman Communities, proudly announces the successful disposition of a multi-state multi-family portfolio comprising 56 apartment communities on behalf of its esteemed New York based client. Seamlessly and successfully coordinating the sale and offboarding of this portfolio required a huge effort on the part of many people within Friedman, proving that when you have an exceptional team working together you can accomplish anything.<\/p>\n

Friedman Communities successfully transitioned this portfolio from foreclosure and less than 72% occupancy to a highly stable 97% occupancy over a five-year period of time. In addition, through targeted marketing and capital improvement programs, market rents across the portfolio increased by an average of 34% during that same time. Friedman’s high touch management resulted in the portfolio maintaining a very high occupancy and collection rate during the pandemic, further solidifying this successful exit. We congratulate our client, the Chetrit Group, LLC and the purchaser, Harbor Group.<\/p>\n","protected":false},"excerpt":{"rendered":"

Friedman Real Estate in conjunction with its Multi-Family Management arm, Friedman Communities, proudly announces the successful disposition of a multi-state multi-family portfolio comprising 56 apartment communities on behalf of its esteemed New York based client. Seamlessly and successfully coordinating the sale and offboarding of this portfolio required a huge effort on the part of many… <\/p>\n

Read More →<\/span><\/a><\/p>\n","protected":false},"author":15392,"featured_media":462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[162],"tags":[36,199,135,165],"class_list":["post-456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-multi-family-management","tag-news","tag-real-estate","tag-sale"],"metadata":{"_pingme":["1","1","1"],"_encloseme":["1","1","1"],"_yoast_wpseo_title":["Friedman Real Esate In Conjunction With Friedman Communities, Announces The Successful Disposition Of A Multi-State Multi-Family Protfolio On Behalf Of Its Esteemed NY Based Client"],"_yoast_wpseo_metadesc":["Friedman Real Estate in conjunction with its Multi-Family Management arm,\u00a0Friedman Communities, proudly announces the successful disposition of a multi-state multi-family portfolio comprising 56 apartment communities on behalf of its esteemed New York based client."],"_yoast_wpseo_metakeywords":["Multi-Family Management, Real Estate, Sale, News"],"_thumbnail_id":["462"]},"yoast_head":"\nFriedman Real Esate In Conjunction With Friedman Communities, Announces The Successful Disposition Of A Multi-State Multi-Family Protfolio On Behalf Of Its Esteemed NY Based Client<\/title>\n<meta name=\"description\" content=\"Friedman Real Estate in conjunction with its Multi-Family Management arm,\u00a0Friedman Communities, proudly announces the successful disposition of a multi-state multi-family portfolio comprising 56 apartment communities on behalf of its esteemed New York based client.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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