IRG Announces The Sale Of The Wellington Portfolio, Two Apartment Communities Located In Fredericksburg, VA
Ideal Realty Group (IRG) brokered the sale of the 274-unit communities in Fredericksburg, VA.
(EMAILWIRE.COM, December 07, 2005 ) Potomac, MD -- Ideal Realty Group proudly announces the sale of The Wellington Portfolio, which recently traded hands from an Institutional Investor to The Stephen A. Goldberg Company for $19,600,000 or $71,533 per unit. Both assets were constructed in 1972/1974 and are located near Route 1 (Jefferson Davis HWY) and I-95. Ideal Realty Group solidified a $1 million dollar non-refundable deposit; the entire process took less than 75 days.
Fredericksburg is a suburb of Spotsylvania County, which is the 13th fastest growing county in the United States. The local area is known to have strong rent growth, the lowest vacancy rates in the Washington M.S.A. and a resilient employment base with strong workforce and military presence.
IRG’s notoriety for “non-refundable” deposits was proof positive that Allen Manesh’s “respected suggestions” helped the Wellington Portfolio purchaser clinch the transaction and closed within 15 days. Allen’s advice, backboned by Team IRG, has propelled their success as they achieved four closings in September and are bringing six new listings to the marketplace in the next month. All such materials can be found in IRG’s bi-monthly newsletter, the Multifamily Monitor.
Ideal Realty Group averages over 10,000 units per year. For over 20 years, IRG has provided tailored real estate investment brokerage services, exclusively Multifamily in the mid-Atlantic region. Allen Manesh, President of Ideal Realty Group said, “Concentrating exclusively on the multifamily sector in the mid-Atlantic region allows us to be 110% focused and provides a stable platform to repeatedly deliver value to our clients.”
For more information on Ideal Realty Group or to view current listings, contact amanesh@idealrealty.com or visit www.idealrealty.com.
Contact:
Ideal Realty Group (IRG)
Cameron Manesh
Tel: 301-299-4000
Fredericksburg is a suburb of Spotsylvania County, which is the 13th fastest growing county in the United States. The local area is known to have strong rent growth, the lowest vacancy rates in the Washington M.S.A. and a resilient employment base with strong workforce and military presence.
IRG’s notoriety for “non-refundable” deposits was proof positive that Allen Manesh’s “respected suggestions” helped the Wellington Portfolio purchaser clinch the transaction and closed within 15 days. Allen’s advice, backboned by Team IRG, has propelled their success as they achieved four closings in September and are bringing six new listings to the marketplace in the next month. All such materials can be found in IRG’s bi-monthly newsletter, the Multifamily Monitor.
Ideal Realty Group averages over 10,000 units per year. For over 20 years, IRG has provided tailored real estate investment brokerage services, exclusively Multifamily in the mid-Atlantic region. Allen Manesh, President of Ideal Realty Group said, “Concentrating exclusively on the multifamily sector in the mid-Atlantic region allows us to be 110% focused and provides a stable platform to repeatedly deliver value to our clients.”
For more information on Ideal Realty Group or to view current listings, contact amanesh@idealrealty.com or visit www.idealrealty.com.
Contact:
Ideal Realty Group (IRG)
Cameron Manesh
Tel: 301-299-4000
Contact Information:
Ideal Realty Group
Cameron Manesh
Tel:
Email us
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Ideal Realty Group
Cameron Manesh
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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Ideal Realty Group (IRG) brokered the sale of the 274-unit communities in Fredericksburg, VA.
Ideal Realty Group (IRG) brokered the sale of the 274-unit communities in Fredericksburg, VA.
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