• OREI

Fayetteville multi-family property acquired for $39.8 million

A privately owned investment firm announced Thursday the $39.8 million purchase of a multi-family apartment property called “Plantation at Fayetteville” at 3050 Plantation Garden Way, Fayetteville.

Jeronimo Hirschfeld, Chairman and CEO of One Real Estate Investment, said the 425,880 square-foot property features 360 units.

“This acquisition is in line with our strategic plan for growth to acquire 30,000 units in the next three-to-five years of high yielding assets with strong potential for appreciation,” Hirschfeld said.

Established in 2001, One Real Estate Investment is a Miami-based real estate investment company that owns, manages and develops a growing portfolio of multi-family properties.

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