High Profile: New England Facilities Development News
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Graceada Partners
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The New York Times
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GlobeSt.com
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MODESTO, CA - Graceada Partners and Osso Capital announced the acquisition of The Edge at Lakewood on 1401 Lakewood Ave in Modesto, California. The 196-unit apartment community is located a few miles outside of downtown Modesto and within walking distance of Lakewood Elementary School.
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A few years down the road, real estate may look very different than it does today, as “hotelization” trends continue to pick up within the various asset classes.
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The partners acquired the asset in an off-market transaction. The acquisition is an investment from Graceada Partners Fund II and Osso Multifamily I.
The multifamily property, The Edge at Lakewood, was constructed in 1985 and underwent partial renovations between 2019 and 2020. Graceada Partners and Osso Capital intend to implement continued renovations on the property’s clubhouse and fitness facility. The partners will additionally add a pet park and sustainable features.
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Modesto, CALIFORNIA – April, 2021 — Graceada Partners and Osso Capital are pleased to announce the acquisition of The Edge at Lakewood on 1401 Lakewood Ave in Modesto, California. The 196-unit apartment community is located a few miles outside of downtown Modesto and within walking distance of Lakewood Elementary School.
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