PHILADELPHIA (PRWEB) January 3, 2008
"For a variety of reasons, Autumn Ridge Apartments has experienced a high vacancy rate over the years. However, because of its phenomenal location, well-built construction, and complete community amenity package, including a fitness center, clubhouse, Olympic-sized swimming pool and two tennis courts, we saw a significant opportunity to enhance the value of the property by investing in upgrades and professional management," explained Michael Pearlstein, president of Empire Realty Investments.
The joint venture group purchased Autumn Ridge Apartments from Fountainview Village LP.
Empire Realty Investments Inc., has acquired and managed approximately 3,500 units, 4 million square feet and 1,000 acres of retail, office, multi-family and residential properties throughout the metropolitan Philadelphia area and in 15 states across the country. For more information about Empire Realty Investments Inc., visit http://www.empirerealtyinvestment.com or call 215-232-5400.