Lakeland Capital, a private, multifamily investment company active in select East Coast markets, is pleased to announce that it has completed $40 million in transactions year-to-date. This milestone includes the recent successful closing of three transactions in Massachusetts, collectively valued at approximately $10 million, including an acquisition, disposition and a refinancing.
The disposition and refinancing of two legacy assets underscore Lakeland Capital’s focus on optimizing investment outcomes, enabling the firm to return capital to investors while achieving a strong total return.
The firm’s new acquisition, located at 135 Main Street in Upton, Mass., represents a true off-market opportunity, secured without the involvement of an intermediary. This property acquisition was made through a joint venture with long-time partner Seabrook Real Estate Partners. Lakeland Capital and Seabrook Real Estate Partners will jointly manage and renovate the property, utilizing their in-house property management platform to ensure operational excellence.
“We are excited to expand our portfolio with these recent transactions and are proud to reach the significant milestone of $40 million in transactions so far this year,” said Alexander R. Westra, managing partner at Lakeland Capital. “The acquisition of 135 Main Street allows us to recycle capital efficiently, and we are confident in our ability to enhance the property’s value through our comprehensive management strategy.”
Lakeland Capital’s proactive approach to asset management and investment has consistently delivered robust returns for its investors. The recent transactions in Massachusetts are a testament to the firm’s ability to identify and capitalize on market opportunities.
For more information on Lakeland Capital’s portfolio, visit https://lakelandcapital.com/
