Home & Garden
Solomon's Transactions Totaled $1.1B and 8K Units Since 2017
Owner and Manager's Current Total Unit Count 15,000 in 10 States
SUMMIT, NJ—The Solomon Organization’s capital transactions since January 2017 include 8,000 units bought, sold or refinanced for a total transaction of more than $1.1 billion, bringing its current unit count to 15,000 in 10 states.
The Solomon Organization expanded its portfolio by increasing the number of units in markets where it already exists, upping the number of markets in states it already has holdings, and moving into new states.
“We cater to renters in metropolitan areas that offer vast educational and skilled employment opportunities,” said Zach Solomon, Managing Director for The Solomon Organization. “We often buy communities from the original owners, so they have been well-cared for but in need of the modern touches that we are happy to make with capital investments.”
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In the Southeast United States portfolio, residential rental communities in Charlotte, NC added to an already robust portfolio in Greensboro and Raleigh; Roanoke in Virginia where it already owned communities in Blackburg; and moving into South Carolina with two communities in Charleston.
It also increased its Midwest portfolio with more acquisitions in the Detroit Metro Area of Michigan and Pittsburgh, Pennsylvania, and new purchases in the Columbus and Cincinnati areas of Ohio, including one community in a Cincinnati suburb in Northern Kentucky.
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Solomon began its portfolio in New York and New Jersey and has since expanded more than 15,000 in New York, New Jersey, Connecticut, Pennsylvania, Ohio, Kentucky, Michigan, Virginia, North Carolina and South Carolina.
For more information about The Solomon Organization’s residential communities, call 908.988.1000 or visit www.solomonorg.com.
About the Solomon Organization, LLC
Founded in 1977, The Solomon Organization, LLC has been a leader in providing affordable luxury apartments to the biggest part of the market—the middle. The Solomon Organization currently owns, operates and manages more than 15,000 residential units in New York, New Jersey, Connecticut, Pennsylvania, Ohio, Kentucky, Michigan, Virginia, North Carolina and South Carolina. For more information on the Solomon Organization, LLC and its communities, please call 908-988-1000 or visit www.solomonorg.com.