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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Berkshire Purchases The Parkway Off Central

March 4, 2019

BOSTON--(BUSINESS WIRE)--Mar 4, 2019--Berkshire Residential Investments announced the purchase of The Parkway Off Central in Blaine, Minnesota, on February 28, 2019. The suburban Minneapolis, 191-unit property will be renamed Berkshire Central.

“The Parkway Off Central was a great opportunity for Berkshire to acquire product in a thriving Minneapolis suburb,” noted Kel Frazier, Vice President, Acquisitions, Berkshire Residential Investments. “We continue to see upside potential in core properties in carefully selected markets throughout the U.S.,” he continued.

Built in 2017, The Parkway Off Central offers residents a community garden, clubroom with full kitchen and a bike share program, with interiors boasting spacious floorplans, moveable kitchen islands and plank flooring. The community offers convenient access to the Twin Cities via Highway 65.

About Berkshire Residential Investments

Berkshire Residential Investments is a vertically integrated residential real estate investment and property management company with over 50 years of experience. Berkshire’s team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record of solid performance based on thoughtful, leading edge investment strategies, and hands-on development and operational experience. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Atlanta, New York, Baltimore, Dallas and San Francisco. As of September 30, 2018, Berkshire Group had approximately $7.5 billion in real estate assets under management. For more information on Berkshire, please visit www.berkshireresi.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190304005925/en/

CONTACT: John Dobroski

Berkshire Residential Investments

617 646 2485

jdobroski@berkshireresi.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS MINNESOTA

INDUSTRY KEYWORD: BUILDING SYSTEMS ARCHITECTURE INTERIOR DESIGN LANDSCAPE REIT URBAN PLANNING CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Berkshire Residential Investments

Copyright Business Wire 2019.

PUB: 03/04/2019 03:00 PM/DISC: 03/04/2019 03:01 PM

http://www.businesswire.com/news/home/20190304005925/en