AP NEWS

Chase Properties Announces the Acquisition of New Town Apartments in St. Charles, Missouri

October 10, 2018

BEACHWOOD, Ohio--(BUSINESS WIRE)--Oct 10, 2018--Chase Properties Ltd., a Beachwood, Ohio-based real estate owner and operator, in partnership with Gold Block Ventures, announces the acquisition of New Town Apartments in St. Charles, Missouri, a growing suburb of St. Louis.

New Town Apartments is a 157-unit property with an additional 68 units under development in New Town, a highly amenitized, master-planned community in St. Charles County.

The acquisition of New Town Apartments is consistent with Chase’s strategy to increase their portfolio to include multifamily properties in highly stable markets. According to Yoel Mayerfeld, Chase Co-CEO, “New Town represented a unique opportunity to own some of the best rental properties in St. Charles County due to the brilliant planning of this self-sustaining community that is New Town.”

Chase Properties Ltd. is a full-service owner and operator of shopping centers located in 17 States throughout the Midwest, Southern and Eastern U.S. The company was founded in 1973. Currently, Chase Properties owns and manages 32 shopping centers comprised of approximately 7 million square feet. Additional information can be found at www.chaseprop.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005751/en/

CONTACT: Chase Properties

Yoel Mayerfeld, 216-464-6626

KEYWORD: UNITED STATES NORTH AMERICA MISSOURI OHIO

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY

SOURCE: Chase Properties Ltd.

Copyright Business Wire 2018.

PUB: 10/10/2018 12:01 PM/DISC: 10/10/2018 12:01 PM

http://www.businesswire.com/news/home/20181010005751/en

AP RADIO
Update hourly