RADNOR, PA – A subsidiary of Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments in the United States, has acquired Alta from Regency Crest, a premier luxury multi-family family of 150 units and 55+ active adults Congregation in the Baltimore submarket of Ellicott City, Maryland.
This acquisition follows three recent over 55 active adult residential property acquisitions by Livingston subsidiaries, including Schuyler Commons, a 144-unit community in Utica, New York; Glenmont Abbey Village, a 148-unit parish near Albany, New York; and Hanover Place, a 150-unit community in the Chicago suburb of Tinley Park, Illinois.
“We studied this sector for a long time. it fits in well with our previous experience. These acquisitions are in line with our investment strategy of building a defensive core and core plus portfolio that focuses on the basic needs of consumers, such as: B. Housing one of the largest segments of the US population while delivering both value and quality to residents, ”said Peter Scola, founder and co-CEO of Livingston Street Capital.