Mountain Lane Apartments
520 Panorama Trail, Penfield, NY 14625
Acquisition Date: 4/1/2021
41 Apartments
Project Highlights
We purchased this semi-distressed and 67% occupied apartment complex mid-Pandemic. Despite the exceptional location and high quality renovations prior ownership could not manage the property effectively. Within 30 days of closing, we achieved 100% occupancy at rent premiums of 15% higher than projected. This high quality suburban apartment complex will be a stable cash flowing asset for decades to come.