MEMPHIS, Tenn., Sept. 18, 2021 /PRNewswire-PRWeb/ -- DJ
Acquisitions, LLC is a growing, innovative, and driven real estate
investment and property management company based in Miami, Florida. Since its inception in 2010,
DJ Acquisitions has managed over $350
million in apartment communities and over 4,500 units in 4
states. By means of its excellent management, a focus on company
culture, and a boots on the ground hands on approach, DJ
Acquisitions has strategically stabilized deals in a shortened
period of time. "This is a true testament to the amazing work of
our construction and asset management teams," said CEO and Founding
Partner, Jonathan Fridlender. "We
were pleasantly surprised with how quickly we were able to
reposition the community given the various market factors we had to
deal with."
This sale ranks amongst the highest in price per door for
workforce housing in the Memphis
area, with the disposition price of $66,129 per door more than doubles the
acquisition price of under $32,900
just a year and a half ago.
Selling this portfolio was the first of many moves the company
plans to make in Q4. "It was a very strategic move in our vision to
continue to grow independently and aggressively over the next 18
months," said Fridlender. "We are looking to complete 4-5
transactions totaling 1,500-2,000 units to add to our current
robust portfolio of 1,800 in multiple states."
DJ Acquisitions typically focuses on "C" and low to mid "B"
Class properties for its multifamily acquisitions, preferably in
suburban locations with good access to employment centers,
population growth, and strong demographics. Individual transaction
size is $5 million – $75 million, with asset sizes of 150-700 units.
We acquire underperforming multifamily real estate assets that are
in select submarkets. These are properties where we can add value
through capital improvement programs, rehabilitation, professional
property management, and repositioning. Please address all
inquiries to: acquisitions@djacq.com
Media Contact
Daryl gershbein, DJ Acquisitions, +1 3053214399,
daryl@djacquisitions.com
SOURCE DJ Acquisitions