CAPREIT Takes Over Management Responsibilities of Broadway West

BRENTWOOD, N.Y., Feb. 5, 2019 /PRNewswire/ -- CAPREIT, a fully-integrated real estate operating company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced it has taken over management responsibilities of Broadway West, a senior affordable apartment community in Suffolk County.

Located in the Brentwood neighborhood in central Long Island, the community features 114 apartment homes and is steps away from Brentwood Country Club. The community, owned by Alliant Strategic Preservation Fund, also offers commuter-friendly access throughout the New York metropolitan market and is within moments of Interstate 495, the key east-west thoroughfare of Long Island.

"Demand for affordable housing in the New York metropolitan market continues to grow, and managing Broadway West serves as an exemplary opportunity to address that need," said Dawn Coggins, senior vice president of property management for CAPREIT. "We're excited to implement our customer-centric strategies and provide a comfortable, affordable living experience for seniors who are otherwise priced out of Long Island."

Located at 75 Springfield Road, Broadway West is situated between the Tanger Outlets Deer Park and the New York Institute of Technology. The community is also within close proximity of Gala Foods Supermarket, the Golden Mango Supermarkets, Brentwood Public Library, Knoll Farm equestrian center and several local and national dining options.

Broadway West consists of 50 one-bedroom and 64 two-bedroom homes with wheelchair-accessible homes available. Community amenities include a clubhouse, fitness center, picnic area and barbecue grill, convenient onsite parking and onsite laundry facilities. Residents also have access to additional storage space.

Apartment interiors at the smoke-free community include air conditioning and cable-ready connections.

About CAPREIT
As one of the nation's leading housing companies since its inception in 1993, CAPREIT has been involved in more than 200 multifamily communities, representing more than 40,000 rental homes housing more than 100,000 residents. CAPREIT is focused on the implementation of a savvy acquisition strategy, innovative financial structures, and a professional property management style based on resident satisfaction and retention, as well as asset preservation and enhancement. Today, CAPREIT maintains its mission to create value-added growth through strategic acquisitions, continuing to capitalize on multifamily housing opportunities. The company currently owns and/or manages approximately 14,000 apartment units in over 20 U.S. states and is actively seeking to grow its multifamily footprint throughout the continental United States.

MEDIA CONTACT
Paul Willis
LinnellTaylor Marketing
[email protected]
720-280-5172

SOURCE CAPREIT

Related Links

http://www.capreit.com