Milestone Alert: Green Harvest Capital Concurrently Completes 6th & 7th Acquisitions
Green Harvest Capital (GHC), a multi-family housing real estate group based in Northeast Ohio, has completed its 6th and 7th acquisitions of multi-family assets since its launch in mid-2019. The portfolio of 283 units, which are part of GHC’s 5th project, called Project View, were acquired in two separate transactions with two private sellers. The acquired portfolio consists of studio, one-, two-, and three-bedroom apartments and are 99% occupied at closing.
The acquisitions expand GHC’s presence to the western suburbs of Northeast Ohio and complement GHC’s broad portfolio consisting of multifamily assets around Shaker Height’s popular Van Aken district, Akron’s trendy Highland Square neighborhood and the lakefront city of Euclid.
The recent endeavor demonstrates GHC’s belief in their model and the consistent market for workforce housing in Northeast Ohio. Moreover, the acquisitions align with the firm’s initiative to establish geographical areas in its footprint while offering modernized assets that prioritize safety, connectivity, and value for tenants.
GHC Principal Bhavin Patel said, “We are excited to close these acquisitions in early 2022 and continue growing this company which is built on the underlying premise of providing a better, more modern living environment for tenants in Northeast Ohio.”
GHC Principal Mike Smith said, “We truly believe in Northeast Ohio and the untapped opportunities in this marketplace. In under three years, GHC has completed 8 acquisitions totaling close to 700 units in the multi-family housing space.
Green Harvest Capital thanks its partners on Project View, including Nathan Felker, Ted Motheral, Tyler Bobes, and Greg Watkins from Walter Haverfield, Aaron Massara from BlueMark Capital, John Mark Tichar from Oswald, Mike Sikora and Christine Owens from Omni Title LLC, and Chuck Schulman of Carlyle Management.
To discuss opportunities to work, partner and/or invest with GHC, please contact B Patel and/or Michael Smith.