CAPREIT, a fully integrated real estate operating company responsible for the ownership and management of more than $6 billion of multifamily assets in the U.S., today announced it has acquired three apartment communities totaling 761 homes in the Northeastern U.S.
The acquisitions include Rochester Highlands in Rochester, N.Y., Parkland Village in District Heights, Md., and Stony Brook Village in Boston. The transactions took place in mid to late January.
“We’re excited to begin the year by acquiring these three communities, which are a tremendous addition to our growing portfolio,” said Andrew Kadish, CEO and chief investment officer for CAPREIT. “Each community has a distinctive character, and we look forward to instituting upgrade measures and installing our best-in-class teams at each site. We believe each of these properties has the potential to excel in their respective submarkets, and we’re eager to get started.”
Rochester Highlands is the largest of the newly acquired communities, featuring a robust 504 homes. Originally built in 1965 and conveniently located at 47 Green Knolls Drive, the garden-style property features studio, one-, two- and three-bedroom homes and is situated on 10 acres of green space.
Parkland Village features 159 one- and two-bedroom homes in the Walker Mill neighborhood. Situated at 6004 Parkland Court, the community sits approximately 10 miles southeast of Washington, D.C., but offers a peaceful respite removed from the bustling area.
Stony Brook Village is located in Hyde Park—Boston’s southernmost neighborhood—and features 98 one- and two-bedroom homes. The property sits within walking distance of a grocery-anchored retail center and area bus routes.
The acquisitions begin an active 2026 for CAPREIT, which is also developing and acquiring communities in the single-family build-to-rent space.