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      <title>KeyBank Lends $25M for Virginia Multifamily Property Buy</title>
      <link>https://www.conserveholdings.com/keybank-lends-25m-for-virginia-multifamily-property-buy</link>
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            David Walkin of Conserve Holdings and an aerial view of The Gables of Jefferson Commons in Forest, Va.
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            Conserve Holdings
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          has scored $24.9 million of acquisition financing to purchase a Virginia multifamily complex, Commercial Observer has learned.
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            KeyBank Real Estate
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            provided the loan for the real estate investment firm’s acquisition of
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              Echo at Forest View Apartments
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            at
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             1047 East Lawn Drive
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            in Forest, Va. Conserve Holdings purchased the apartment complex, which part of the
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             Jefferson Commons
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            development, from
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             Maddox Construction
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            for $39.5 million.
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             https://commercialobserver.com/2025/12/keybank-conserve-holdings-virginia-apartments/
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      <pubDate>Thu, 18 Dec 2025 14:03:27 GMT</pubDate>
      <guid>https://www.conserveholdings.com/keybank-lends-25m-for-virginia-multifamily-property-buy</guid>
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      <title>Conserve Holdings Acquires Jefferson Commons, Strengthening Virginia Portfolio</title>
      <link>https://www.conserveholdings.com/conserve-holdings-acquires-jefferson-commons-strengthening-virginia-portfolio</link>
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           [Toms River, NJ – 11/24/2025]
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             – Conserve Holdings announced today the
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           acquisition of Jefferson Commons
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           , a multifamily community located in Forest, Virginia.
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            The acquisition was brokered by
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           Scott Doyal of Walker &amp;amp; Dunlop
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            , with additional contributions from
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           Base Realty
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            . Financing was secured through
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           Pranav Sarda and the Key Bank Real Estate team
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            . Property management will be overseen by
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           Sharp Management
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           , continuing Conserve’s focus on professional, resident-focused operations.
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            “We are excited to add Jefferson Commons to our portfolio and grateful to the teams at Walker &amp;amp; Dunlop and Base Realty for their roles in this transaction,” said
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           David Walkin, Principal of Conserve Holdings
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           . “This acquisition represents another opportunity to execute our value-add strategy while strengthening our presence in Virginia.”
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            Planned improvements include
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           unit upgrades, amenity enhancements, and operational efficiencies
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            to elevate the resident experience and drive long-term value creation.
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           About Conserve Holdings
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           Conserve Holdings is a real estate investment and development firm focused on value-add, adaptive-reuse, and multifamily projects across the U.S. Sunbelt and Mid-Atlantic regions.
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          Media Contact:
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           Annie Cobb
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        &lt;a href="mailto:annie@conserveholdings.com"&gt;&#xD;
          
             Annie@conserveholdings.com
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      <pubDate>Mon, 01 Dec 2025 08:18:51 GMT</pubDate>
      <guid>https://www.conserveholdings.com/conserve-holdings-acquires-jefferson-commons-strengthening-virginia-portfolio</guid>
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      <title>Greystone Lends $29M for Richmond Apartments Acquisition</title>
      <link>https://www.conserveholdings.com/greystone-lends-29m-for-richmond-apartments-acquisition</link>
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            A joint venture between
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            Conserve Holdings
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            and
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            Calibogue Capital
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            has landed $28.9 million of acquisition financing to purchase a multifamily asset in Richmond, Va., Commercial Observer has learned.
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            Greystone
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            supplied the five-year, full-term, interest-only 
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           Fannie Mae
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           -backed loan for Conserve’s $45 million acquisition of the
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            Sphere
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            property from 
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           MVP Equities
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           .
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            Newmark
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           ’s 
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           Garrison Gore
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            arranged the transaction, which closed at a 4.81 interest rate, according to Conserve. The 224-unit apartment complex at 
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           2005 Brook Road
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            is adjacent to the 103-unit 
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           Spectrum
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            multifamily community that Conserve
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    &lt;a href="https://www.conserveholdings.com/conserve-holdings-expands-virginia-portfolio-with-strategic-acquisition-of-the-spectrum-apartments-in-richmond" target="_blank"&gt;&#xD;
      
            acquired
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            in November 2024 for an undisclosed purchase price.
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           “Our expansion in Richmond continues with the Sphere, a community that perfectly complements the Spectrum next door,” 
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           David Walkin
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           , principal of Conserve Holdings, said in a statement. “This acquisition highlights our belief in Richmond’s long-term growth and underscores our strategy of acquiring high-quality communities in key markets.”
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            Article link:
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    &lt;a href="https://commercialobserver.com/2025/10/richmond-virginia-apartments/" target="_blank"&gt;&#xD;
      
           https://commercialobserver.com/2025/10/richmond-virginia-apartments/
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      <pubDate>Fri, 31 Oct 2025 15:37:24 GMT</pubDate>
      <guid>https://www.conserveholdings.com/greystone-lends-29m-for-richmond-apartments-acquisition</guid>
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      <title>Conserve Holdings Expands Student Housing Portfolio with Acquisition of Auden Upstate in Spartanburg, South Carolina</title>
      <link>https://www.conserveholdings.com/conserve-holdings-expands-student-housing-portfolio-with-acquisition-of-auden-upstate-in-spartanburg-south-carolina</link>
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            Spartanburg, SC – [10/16/2025] – Conserve Holdings, in partnership with PeakMade Real Estate as property manager, announced the acquisition of Auden Upstate, a 486-bed student housing community serving the University of South Carolina Upstate (USC Upstate). This transaction reflects Conserve’s growing focus on the student housing sector and its continued expansion into high-growth markets.
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          The acquisition was facilitated by Barry Weiner of Capital Access, with KeyBank Real Estate Capital, led by Rodney Shenman, providing financing.
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           Auden Upstate offers a mix of one-, two-, three-, and four-bedroom apartments with modern amenities tailored to student needs, including:
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             Resort-style pool and clubhouse
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             Fully equipped fitness center
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             Study lounges and collaborative workspaces
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             Proximity to USC Upstate campus
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          “We are thrilled to expand into Spartanburg with the acquisition of Auden Upstate,” said David Walkin, Principal of Conserve Holdings. “Student housing is a sector with strong fundamentals, and this acquisition allows us to bring our value-add strategy to a growing university market.”
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          The property will undergo a strategic capital improvement plan to enhance amenities, unit interiors, and community engagement programming. With PeakMade Real Estate as the management partner, Conserve Holdings intends to elevate resident experience while driving long-term operational performance.
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          This transaction underscores Conserve Holdings’ ongoing strategy of expanding into diverse multifamily segments, including conventional, workforce, mixed-use, and student housing communities.
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          About Conserve Holdings
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          Conserve Holdings is a real estate investment and development firm focused on multifamily and adaptive-reuse opportunities across the U.S. Sunbelt and Mid-Atlantic. With a diverse portfolio spanning conventional, workforce, and student housing, the firm leverages local partnerships and community-first strategies to create value for investors and residents alike.
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          Media Contact:
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           Annie Cobb
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             Annie@conserveholdings.com
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      <pubDate>Fri, 31 Oct 2025 15:19:17 GMT</pubDate>
      <guid>https://www.conserveholdings.com/conserve-holdings-expands-student-housing-portfolio-with-acquisition-of-auden-upstate-in-spartanburg-south-carolina</guid>
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      <title>Conserve Holdings Expands Richmond Portfolio with Acquisition of The Sphere</title>
      <link>https://www.conserveholdings.com/conserve-holdings-expands-richmond-portfolio-with-acquisition-of-the-sphere</link>
      <description />
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            Richmond, VA – [10/28/2025] – Conserve Holdings announced today the acquisition of 
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           The Sphere, a Class A, 224-unit, multifamily community in Richmond, Virginia. This marks 
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           Conserve’s second acquisition in the Richmond market, following the recent purchase of 
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           The Spectrum, which is located directly adjacent to The Sphere.
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          This acquisition was completed in joint venture with Calibogue Capital, further 
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          strengthening Conserve’s relationships with institutional capital. Financing was arranged 
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          by Alex Bassile and the team at Greystone, and Garrison Gore of Newmark represented 
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          our partner in the transaction.
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          “Our expansion in Richmond continues with The Sphere, a community that perfectly 
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          complements The Spectrum next door,” said David Walkin, Principal of Conserve 
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          Holdings. “This acquisition highlights our belief in Richmond’s long-term growth and 
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          underscores our strategy of acquiring high-quality communities in key markets.”
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          About Conserve Holdings
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          Conserve Holdings is a real estate investment and development firm focused on value-add, adaptive-reuse, and multifamily projects across the U.S. Sunbelt and Mid-Atlantic 
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           regions.
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          About Calibogue Capital
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          Founded in 2012, Calibogue Capital is a New York–based real estate private equity firm 
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          focused on joint-venture equity investments across the US with multifamily, industrial, and 
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          retail sponsors. The company is presently deploying its fourth discretionary fund.
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          Media Contact:
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           Annie Cobb
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        &lt;a href="mailto:annie@conserveholdings.com"&gt;&#xD;
          
             Annie@conserveholdings.com
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    &lt;/div&gt;&#xD;
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      <pubDate>Wed, 29 Oct 2025 07:18:56 GMT</pubDate>
      <guid>https://www.conserveholdings.com/conserve-holdings-expands-richmond-portfolio-with-acquisition-of-the-sphere</guid>
      <g-custom:tags type="string" />
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      <title>Conserve Holdings Completes Recapitalization of Cottage Trails with MLG Capital</title>
      <link>https://www.conserveholdings.com/conserve-holdings-completes-recapitalization-of-cottage-trails-with-mlg-capital</link>
      <description />
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          Conserve Holdings Completes Recapitalization of Cottage Trails with MLG Capital
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            BISWIRE/Oct. 19, 2025 — Conserve Holdings (“Conserve”), a vertically integrated real estate investment and management firm, today announced the successful recapitalization of Cottage Trails Apartments, a 187-unit Class A luxury multifamily community in Chesapeake, Virginia, through a joint venture with MLG Capital.
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          Conserve originally acquired Cottage Trails in 2023. Built in 2015, the property offers modern residences with high-end finishes and premium amenities. The recapitalization will enable a new phase of reinvestment, including targeted renovations and amenity upgrades to ensure the community remains at the forefront of the market.
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          “We are excited about this partnership and the opportunity to continue building with MLG. Cottage Trails is a great asset in a strong, supply-constrained market, and we’re looking forward to launching this next phase of renovations to further enhance the community.” said David Walkin, Managing Partner of Conserve Holdings. “The property has performed well since our acquisition, and these enhancements will elevate the resident experience while continuing to drive long-term value for our investors.”
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          Harbor Group will continue to manage the property, ensuring continuity in day-to-day operations while supporting the planned reinvestment program.
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          Cottage Trails represents Conserve’s ongoing commitment to high-quality multifamily assets across the Mid-Atlantic. The property benefits from strong fundamentals in Chesapeake, a market characterized by population growth, diverse employment drivers, and sustained demand for rental housing.
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&lt;h3&gt;&#xD;
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          About Conserve Holdings 
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  &lt;/span&gt;&#xD;
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&lt;div data-rss-type="text"&gt;&#xD;
  &lt;span&gt;&#xD;
    
          Conserve Holdings is a real estate investment firm focused on the acquisition and management of multifamily communities in high-growth markets across the Sunbelt and Mid-Atlantic region. Conserve takes a disciplined, hands-on approach to create long-term value and deliver consistent, risk-adjusted returns. Through careful market selection and active asset management, Conserve drives strong performance for its investors and improves the communities it serves.
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          About MLG Capital
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          MLG Capital is a private real estate investment firm with over 37 years of experience, managing approximately $7.9 billion in assets across multifamily and commercial real estate. With a portfolio spanning ~44,200 multifamily units and ~50.9 million square feet of commercial property, MLG operates through joint ventures and direct acquisitions. Their investment approach balances cash flow generation, disciplined asset management, and strategic repositioning, underpinned by integrity, relationships, and community impact.
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&lt;/div&gt;&#xD;
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          This release does not constitute an offer to sell an investment in a security. Offers to sell an investment in a security can only be made to a qualified purchaser by delivery of a Confidential Private Placement Memorandum (the “Memorandum”), any supplements to the Memorandum and accompanied by a Subscription Document Booklet. The information contained in this release may be preliminary in nature and may have not been independently verified by MLG Capital or its affiliates. The recipient of this release should consult with its own investment, tax and/or legal professionals about the merits of the investment. MLG Capital does not make any representation or warranty as to the accuracy or completeness of any information presented in this release.
         &#xD;
  &lt;/span&gt;&#xD;
&lt;/div&gt;&#xD;
&lt;div data-rss-type="text"&gt;&#xD;
  &lt;span&gt;&#xD;
    
          Securities offered through North Capital Private Securities, member FINRA/SIPC. Past performance is not a guarantee of future results. Investments in private placements are illiquid, speculative, and may result in complete loss of capital.
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  &lt;/span&gt;&#xD;
&lt;/div&gt;&#xD;
&lt;div data-rss-type="text"&gt;&#xD;
  &lt;span&gt;&#xD;
    
          Advisory services offered through MLG Fund Manager LLC, an investment adviser registered with U.S. Securities &amp;amp; Exchange Commission.
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  &lt;/span&gt;&#xD;
&lt;/div&gt;&#xD;
&lt;h3&gt;&#xD;
  &lt;span&gt;&#xD;
    
          Contact Annie Cobb at
          &#xD;
    &lt;a href="mailto:annie@conserveholdings.com"&gt;&#xD;
      
           annie@conserveholdings.com
          &#xD;
    &lt;/a&gt;&#xD;
  &lt;/span&gt;&#xD;
&lt;/h3&gt;</content:encoded>
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      <pubDate>Mon, 20 Oct 2025 15:16:07 GMT</pubDate>
      <guid>https://www.conserveholdings.com/conserve-holdings-completes-recapitalization-of-cottage-trails-with-mlg-capital</guid>
      <g-custom:tags type="string" />
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      <title>Conserve Holdings Completes Recapitalization of Cottage Trails with MLG Capital</title>
      <link>https://www.conserveholdings.com/conserve-press-release-with-disclaimer-v2</link>
      <description />
      <content:encoded>&lt;h3&gt;&#xD;
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          FOR IMMEDIATE RELEASE
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          Conserve Holdings Completes Recapitalization of Cottage Trails with MLG Capital
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           Chesapeake, VA — 9/28/2025
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           — Conserve Holdings (“Conserve”), a vertically integrated 
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           real estate investment and management firm, today announced the successful 
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    &lt;span&gt;&#xD;
      
           recapitalization of
           &#xD;
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            Cottage Trails Apartments
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           , a 187-unit Class A luxury multifamily 
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           community in Chesapeake, Virginia, through a joint venture with
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            MLG Capital.
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          Conserve originally acquired Cottage Trails in 2023. Built in 2015, the property offers modern residences with high-end finishes and premium amenities. The recapitalization will enable a new phase of reinvestment, including targeted renovations and amenity upgrades to ensure the community remains at the forefront of the market.
         &#xD;
  &lt;/font&gt;&#xD;
&lt;/div&gt;&#xD;
&lt;div data-rss-type="text"&gt;&#xD;
  &lt;font&gt;&#xD;
    
          “We are excited about this partnership and the opportunity to continue building with MLG. Cottage Trails is a great asset in a strong, supply-constrained market, and we’re looking forward to launching this next phase of renovations to further enhance the community.” said David Walkin, Managing Partner of Conserve Holdings. “The property has performed well since our acquisition, and these enhancements will elevate the resident experience while continuing to drive long-term value for our investors.”
         &#xD;
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&lt;/div&gt;&#xD;
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          Harbor Group will continue to manage the property, ensuring continuity in day-to-day operations while supporting the planned reinvestment program.
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&lt;div data-rss-type="text"&gt;&#xD;
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           Cottage Trails represents Conserve’s ongoing commitment to high-quality multifamily assets across the Mid-Atlantic. The property benefits from strong fundamentals in Chesapeake, a market characterized by population growth, diverse employment drivers, and sustained demand for rental housing.
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          About Conserve Holdings
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&lt;div data-rss-type="text"&gt;&#xD;
  &lt;span&gt;&#xD;
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           Conserve Holdings is a real estate investment firm focused on the acquisition and management of multifamily communities in high-growth markets across the Sunbelt and Mid-Atlantic region. Conserve takes a disciplined, hands-on approach to create long-term value and deliver consistent, risk-adjusted returns. Through careful market selection and active asset management, Conserve drives strong performance for its investors and improves the communities it serves.
          &#xD;
    &lt;/font&gt;&#xD;
  &lt;/span&gt;&#xD;
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&lt;/div&gt;&#xD;
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          About MLG Capital
         &#xD;
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&lt;/h3&gt;&#xD;
&lt;div data-rss-type="text"&gt;&#xD;
  &lt;font&gt;&#xD;
    
          MLG Capital is a private real estate investment firm with over 37 years of experience, managing approximately $7.9 billion in assets across multifamily and commercial real estate. With a portfolio spanning ~44,200 multifamily units and ~50.9 million square feet ofcommercial property, MLG operates through joint ventures and direct acquisitions. Their investment approach balances cash flow generation, disciplined asset management, and strategic repositioning, underpinned by integrity, relationships, and community impact.
         &#xD;
  &lt;/font&gt;&#xD;
&lt;/div&gt;&#xD;
&lt;div data-rss-type="text"&gt;&#xD;
  &lt;font&gt;&#xD;
    
          This release does not constitute an offer to sell an investment in a security. Offers to sell an investment in a security can only be made to a qualified purchaser by delivery of a Confidential Private Placement Memorandum (the “Memorandum”), any supplements to the Memorandum and accompanied by a Subscription Document Booklet. The information contained in this release may be preliminary in nature and may have not been independently verified by MLG Capital or its affiliates. The recipient of this release should consult with its own investment, tax and/or legal professionals about the merits of the investment. MLG Capital does not make any representation or warranty as to the accuracy or completeness of any information presented in this release.
         &#xD;
  &lt;/font&gt;&#xD;
&lt;/div&gt;&#xD;
&lt;div data-rss-type="text"&gt;&#xD;
  &lt;font&gt;&#xD;
    
          Securities offered through North Capital Private Securities, member FINRA/SIPC. Past performance is not a guarantee of future results. Investments in private placements are illiquid, speculative, and may result in complete loss of capital.
         &#xD;
  &lt;/font&gt;&#xD;
&lt;/div&gt;&#xD;
&lt;div data-rss-type="text"&gt;&#xD;
  &lt;font&gt;&#xD;
    
          Advisory services offered through MLG Fund Manager LLC, an investment adviser registered with U.S. Securities &amp;amp; Exchange Commission.
         &#xD;
  &lt;/font&gt;&#xD;
&lt;/div&gt;&#xD;
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          Media Contact:
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&lt;/h3&gt;&#xD;
&lt;div data-rss-type="text"&gt;&#xD;
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          Annie Cobb
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           Conserve Holdings
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    &lt;a href="mailto:Annie@conserveholdings.com" target="_blank"&gt;&#xD;
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            Annie@conserveholdings.com
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    &lt;/a&gt;&#xD;
  &lt;/div&gt;&#xD;
&lt;/div&gt;</content:encoded>
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      <pubDate>Fri, 17 Oct 2025 15:56:40 GMT</pubDate>
      <guid>https://www.conserveholdings.com/conserve-press-release-with-disclaimer-v2</guid>
      <g-custom:tags type="string" />
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      <title>James City County’s Fort Magruder Hotel could become apartment complex with affordable units</title>
      <link>https://www.conserveholdings.com/james-city-countys-fort-magruder-hotel-could-become-apartment-complex-with-affordable-units</link>
      <description />
      <content:encoded>&lt;div data-rss-type="text"&gt;&#xD;
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           JAMES CITY — A property management and development firm hopes to bring more apartments to central James City County — including affordable units — by transforming a hotel with a distinctive historical feature.
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           New Jersey-based Conserve Holdings is asking the county’s Board of Supervisors to approve a rezoning that would allow for a complete overhaul of the Fort Magruder Hotel and Conference Center, located at 6945 Pocahontas Trail. The proposed master plan calls for 32,000 square feet of commercial space in what is now the property’s conference center and the conversion of the hotel’s 303 guestrooms into 126 apartments.
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           A major component of the proposed redevelopment is affordable housing. Conserve Holdings’ plan calls for 40% of the units to be offered to renters meeting specific income thresholds. Conserve Holdings already owns and manages Grand Village at Williamsburg, a rental community next door to the Fort Magruder Hotel.
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           The county’s planning commission unanimously voted to recommended approval of the rezoning at its April 2 meeting. The Board of Supervisors will consider the rezoning application at its May 13 meeting.
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           The 52 affordable units will be available for renters on a tiered structure based on the area median income, which is $106,500 annually for a family of four in Hampton Roads. According to a county staff report, 21 units at the proposed apartment community will be targeted for renters who make 60% of the AMI, 18 units will be rented to people with incomes at 80% of the AMI, and 13 units will be reserved for renters making 120% or less. The remaining 74 units will be rented at market rates.
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           Offering affordable housing for people making 120% of the AMI diminishes the available affordable units for those with significantly lower incomes, Denny said. “In James City County, we are a largely a service area where a lot of the people work for hotels and restaurants or Busch Gardens,” he said. “The wages don’t put them at 120%.”
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           Planning commissioners said they appreciated that the proposal incorporated workforce housing. Commissioner Crystal Haskins, a public school administrator, said she’s heard of teachers saying they couldn’t afford to live in Williamsburg.
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           Conserve Holdings has also said it will keep intact a historical feature known as Redoubt 3 that now exists in the hotel’s courtyard. The earthen structure is one of 14 self-contained fortifications, known as redoubts, that enslaved people and Confederate soldiers constructed east of Williamsburg during the Civil War.
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           Redoubt 3 is not Fort Magruder. The partial remnants of that namesake fortification lie three-quarters of a mile east on Penniman Road. Both forts were the scene of fighting during the Battle of Williamsburg on May 5, 1862, when Union and Confederate forces suffered a combined 3,800 casualties.
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           Roads, neighborhoods and commercial buildings slowly overtook much of the battlefield in the 19th and 20th centuries. In 1976, Fort Magruder Hotel’s guestrooms and conference center were constructed around Redoubt 3, leaving what remained of the fortification in its central courtyard.
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           Officials with the Williamsburg Battlefield Association, which works to protect the remaining undeveloped battlefield sites and educate the public about the engagement, declined to comment about Fort Magruder Hotel’s redevelopment.
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      <pubDate>Sat, 07 Jun 2025 13:18:30 GMT</pubDate>
      <guid>https://www.conserveholdings.com/james-city-countys-fort-magruder-hotel-could-become-apartment-complex-with-affordable-units</guid>
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      <title>Arbor Realty Trust Lends $23M for South Carolina Apartments Purchase</title>
      <link>https://www.conserveholdings.com/arbor-realty-trust-lends-23m-for-south-carolina-apartments-purchase</link>
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            Conserve Holdings
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            has nabbed $23.2 million of acquisition financing to purchase a South Carolina multifamily asset, Commercial Observer has learned.
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            Arbor Realty Trust (ABR)
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            provided the three-year, nonrecourse loan on the real estate investor’s $32.9 million purchase of the 210-unit 
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           Cove at Ridge
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            property in Lyman, S.C., from 
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           Universal Development &amp;amp; Construction
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           .
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           Stephen York
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           , managing director at Arbor, originated the floating-rate loan.
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           David Walkin
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           , founding partner at Conserve Holdings, said the property consists of many townhomes with attached garages, and he stressed there is heavy demand for this type of rental asset that is not widely available in northwest South Carolina.
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           “We’ve been active in the Greenville market since 2020 and I’ve always believed in its long-term potential, even through periods of oversupply and negative rent growth,” Walkin said. “The basis at which we acquired this site is truly unmatched, and we’re excited to continue expanding our footprint in this dynamic market.”
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           Located at 
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           610 Universal Drive
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            just north of U.S. Highway 29, the property previously called Universal at Pine Ridge has amenities that include a fitness center, a pool, an outdoor fire pit, a business center and a clubhouse. The apartment complex is about 30 miles from the North Carolina border, and 90 miles southwest of Charlotte.
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            CBRE (CBRE)
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           ’s 
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           John Phoenix
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            arranged the transaction.
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           “As demand for high-quality, affordable housing continues to rise with the Upstate’s booming population and robust job growth,” Phoenix said in a statement referring to the northwest region of South Carolina near Greenville and Spartanburg. “This investment further showcases Conserve’s mission of providing accessible housing options that support Greenville-Spartanburg’s expanding workforce.”
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           https://commercialobserver.com/2025/04/arbor-realty-trust-23m-south-carolina-apartments/
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      <pubDate>Wed, 02 Apr 2025 14:14:16 GMT</pubDate>
      <guid>https://www.conserveholdings.com/arbor-realty-trust-lends-23m-for-south-carolina-apartments-purchase</guid>
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      <title>Conserve Holdings Announces Acquisition of Universal Pine Ridge in Lyman, SC</title>
      <link>https://www.conserveholdings.com/conserve-holdings-announces-acquisition-of-universal-pine-ridge-in-lyman-sc</link>
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           BISWIRE/April 2, 2025 – Conserve Holdings is proud to announce the acquisition of Universal Pine Ridge, a 210-unit multifamily community located in Lyman, South Carolina. This marks our seventh acquisition in the Greenville-Spartanburg MSA, reinforcing our commitment to strategic growth across the Southeast.
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           The transaction, facilitated by John Phoenix, highlights the collaborative efforts of all parties involved. John noted, “Our team was thrilled to assist David Walkin and the Conserve Team with the acquisition of Universal at Pine Ridge. As demand for high-quality, affordable housing continues to rise with the Upstate’s booming population and robust job growth. This investment further showcases Conserve's mission of providing accessible housing options that support Greenville/Spartanburg's expanding workforce.”
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           Financing for the acquisition was provided by Steve York of Arbor Realty Trust, continuing their strong partnership with Conserve Holdings. Conserve Holdings also extends its appreciation to the sellers, Cox Universal Groups’ Shane Anderson, and wishes them continued success in their future endeavors.
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           This acquisition underscores Conserve Holdings’ focus on quality assets in thriving communities.
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           For media inquiries, please contact:
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           Annie Cobb
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           Annie@conserveholdings.com
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           About Conserve Holdings:
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           Conserve Holdings, a leading real estate investment firm specializing in the acquisition and management of multifamily properties nationwide. The company was founded by David Walkin and Steve Fuchs with a focus on long-term value creation. The company leverages its expertise to identify and secure investment opportunities that deliver optimal returns for its investors. Conserve Holdings is committed to building strong relationships, driving innovation, and contributing to the growth and success of the communities in which it operates.
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           Contact David Walkin at 
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           david@conserveholdings.com
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           https://www.bisnow.com/biswire/conserve-holdings-2025-04-01-128747
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      <pubDate>Wed, 02 Apr 2025 07:15:24 GMT</pubDate>
      <guid>https://www.conserveholdings.com/conserve-holdings-announces-acquisition-of-universal-pine-ridge-in-lyman-sc</guid>
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      <title>The Spectrum apartment complex near VUU sells for nearly $20M</title>
      <link>https://www.conserveholdings.com/the-spectrum-apartment-complex-near-vuu-sells-for-nearly-20m</link>
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           Two firms out of the Northeast have struck a deal in Richmond’s Northside. 
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           The Spectrum apartment building at 2017 Brook Road sold last month for $19.5 million, per city property records.
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           The complex has 103 units near Virginia Union University’s campus. The per-door sales price comes out to $189,000. 
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           Its new owner is Conserve Holdings, a New Jersey-based investor and developer. Founder David Walkin said since Conserve’s launch in 2017, the firm has compiled a portfolio of around 2,000 units. 
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           Walkin said the firm typically pursues multifamily buildings that are both larger and in busier parts of town than The Spectrum, but that it is bullish long-term on the neighborhood, where VUU and private developers alike have growth plans.
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           “It’s really evolving. We believe in the growth in this pocket, though it might take a couple more years to mature further,” Walkin said. 
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           The Spectrum was built in 2015 and is over 95 percent leased. The city most recently assessed it at $17.4 million. 
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           Conserve has an in-house property management division that Walkin said will take over managing The Spectrum. The firm is also planning to renovate parts of the building. 
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           “Though it was built less than 10 years ago, the common area breezeways and other amenities are showing some age,” Walkin said. 
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           The seller in the deal was Mercer Street Partners, a New York firm that retains a presence in Richmond, namely in the Arts District where it has a stake in landmarks Quirk Hotel and Common House, among other buildings. 
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           Mercer Street had bought The Spectrum in 2017 for $11.4 million from its original developer, Kansas City-based Lanier United.
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           Mercer Street managing partner Joe LeVine said The Spectrum was the firm’s first-ever acquisition, and while it wasn’t actively looking to sell, Conserve made an attractive offer. 
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           LeVine said that when Mercer Street first acquired the complex, it was nearly 25 percent vacant with high turnover.
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           “One of the things we’re most proud of with Spectrum Apartments has been our ability to turn around a new development that was quickly failing,” LeVine said. 
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           “We knew going in that we wouldn’t be profitable right away. The issues the property faced were predominantly self-inflicted, caused by a lack of cash flow. With the support from our lender, Virginia Housing, we took a long-term view and the best way to fix things was to double-down and invest more into the community.”
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           Conserve, meanwhile, is continuing to look around the Richmond and broader Virginia market for additional deals. 
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           “We have a few adaptive reuse projects under contract in markets that have a high barrier to entry and lack workforce housing,” Walkin said, while not commenting on specific locations. 
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           https://richmondbizsense.com/2024/12/03/the-spectrum-apartment-complex-near-vuu-sells-for-nearly-20m/?utm_campaign=RBS%20Newsfeed&amp;amp;utm_medium=email&amp;amp;_hsenc=p2ANqtz-9T2Bab7e4q641eZY_nBHNEGpFJKTMk8sGVxv6WZAWtwAV7L4MHN2Olju9nmCU29IVgbgfXmfJ6JNm2PdYyKJF_HA2CkA&amp;amp;_hsmi=336731992&amp;amp;utm_content=336731992&amp;amp;utm_source=hs_email#newsletter
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      <pubDate>Wed, 04 Dec 2024 06:37:40 GMT</pubDate>
      <guid>https://www.conserveholdings.com/the-spectrum-apartment-complex-near-vuu-sells-for-nearly-20m</guid>
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      <title>Conserve Holdings Expands Virginia Portfolio with Strategic Acquisition of The Spectrum Apartments in Richmond</title>
      <link>https://www.conserveholdings.com/conserve-holdings-expands-virginia-portfolio-with-strategic-acquisition-of-the-spectrum-apartments-in-richmond</link>
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           BISWIRE/Nov. 17, 2024 – Conserve Holdings is pleased to announce the acquisition of The Spectrum Apartments, a Class A, 103-unit multifamily property located in Richmond, Virginia. This acquisition marks Conserve Holdings’ sixth investment in Virginia and its first entry into the dynamic Richmond market, reflecting the firm’s commitment to expanding its presence in key growth regions.
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           The transaction, facilitated by Michael Schattner and Ari Sokol of Base Realty Group, highlights the collaborative efforts of all parties involved. Sokol noted, “This was a challenging deal to bring across the finish line given the volatility in the market. However, with committed and experienced parties on both sides, we were able to navigate the complexities and successfully close the transaction.”
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           Financing for the acquisition was provided by KeyBank, continuing their strong partnership with Conserve Holdings. Pranav Sarda of KeyBank shared, “We are thrilled to close on another great acquisition with Conserve. The team at Conserve is best in class, and we're proud to be their lending partner.”
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           Under Conserve Management, The Spectrum Apartments will undergo a targeted value-add business plan aimed at enhancing the property while delivering long-term value to its residents and investors. Conserve Holdings also extends its appreciation to the sellers, Mercer Street Partners’ Alex Libin and David Shapiro, and wishes them continued success in their future endeavors.
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           This acquisition underscores Conserve Holdings’ focus on quality assets in thriving communities, aligning with their strategic goals for sustainable growth.
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           About Conserve Holdings:
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           Conserve Holdings, a leading real estate investment firm specializing in the acquisition and management of multifamily properties nationwide, was founded by David Walkin and Steve Fuchs. With a focus on long-term value creation, the company leverages its expertise to identify and secure investment opportunities that deliver optimal returns for its investors. Conserve Holdings is committed to building strong relationships, driving innovation, and contributing to the growth and success of the communities in which it operates.
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           Contact David Walkin at 
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           david@conserveholdings.com
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            ﻿
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           https://www.bisnow.com/biswire/conserve-holdings-2024-11-15-126800
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      <pubDate>Fri, 15 Nov 2024 12:29:52 GMT</pubDate>
      <guid>https://www.conserveholdings.com/conserve-holdings-expands-virginia-portfolio-with-strategic-acquisition-of-the-spectrum-apartments-in-richmond</guid>
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      <title>Conserve Holdings Announces Successful Closing of Spartanburg South Carolina Multifamily Portfolio</title>
      <link>https://www.conserveholdings.com/conserve-holdings-announces-successful-closing-of-spartanburg-south-carolina-multifamily-portfolio</link>
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           Conserve Holdings is pleased to announce the successful closing of our Spartanburg, South Carolina portfolio consisting of Townhomes at Spartanburg and Park Square Apartments. This achievement marks a significant milestone in our commitment to delivering exceptional value to our investors.
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           Conserve Holdings originally acquired the assets in early 2021 and completed a successful value-add renovation, resulting in an impressive 21% IRR for our investors. This outcome underscores our strategic vision and operational excellence in enhancing property value and performance.
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           “We are thrilled with the success of the Spartanburg portfolio and the value it has created for our investors,” said David Walkin, Partner at Conserve Holdings. “This accomplishment is a testament to our team’s dedication and expertise in executing value-add strategies.”
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           We extend our heartfelt gratitude to Greg Litvak of Highlands Vista Group for his expert execution of the acquisition. His leadership and commitment were instrumental in achieving this success, and we wish him continued success in his future endeavors. Additionally, we would like to thank Ricky Gore and John Phoenix of Cushman and Wakefield for their outstanding work in brokering the sale. Their professionalism and expertise played a crucial role in the successful transaction.
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            Conserve Holdings continues to operate other properties in the Greenville-Spartanburg area and remains bullish on the broader market. We have a robust pipeline for the year and are excited about the opportunities that present themselves. Conserve Holdings, a leading real estate investment firm specializing in the acquisition and management of multifamily properties nationwide, was founded by David Walkin and Steve Fuchs. With a focus on long-term value creation, the company leverages its expertise to identify and secure investment opportunities that deliver optimal returns for its investors.
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           Conserve Holdings is committed to building strong relationships, driving innovation, and contributing to the growth and success of the communities in which it operates.
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           Article link:  
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           https://yieldpro.com/2024/08/spartanburg-portfolio/
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      <pubDate>Wed, 14 Aug 2024 07:30:04 GMT</pubDate>
      <guid>https://www.conserveholdings.com/conserve-holdings-announces-successful-closing-of-spartanburg-south-carolina-multifamily-portfolio</guid>
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      <title>Firm Acquires NC, VA Assets</title>
      <link>https://www.conserveholdings.com/firm-acquires-nc-va-assets</link>
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           These communities total more than 450 units.
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           Conserve Holdings, a Toms River, N.J.,-based real estate investment and management firm, has expanded its portfolio, acquiring two multifamily properties totaling 471 units in North Carolina and Virgina.
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           The firm, founded by David Walkin and Steve Fuchs, did not disclose the prices paid for the assets or the sellers of Northcliffe Forest Apartments, a 288-unit community in Winston-Salem, N.C., and Cottage Trails at Culpepper Landing Apartments, a 183-unit property in Chesapeake, Va.
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           According to YardiMatrix data, Eller Capital Partners sold the property for approximately $28.8 million to Conserve Holdings, which secured a loan of about $20.4 million from KeyBank for the acquisition. Eller Capital had purchased the property in May 2019 from Cedar Grove Capital for $16.4 million. Cedar Grove had owned the asset since November 2016, when it paid Jaymor Group approximately $11.9 million for it, YardiMatrix reported.
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            Read The Full Artice.
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      <pubDate>Wed, 17 Jan 2024 16:58:45 GMT</pubDate>
      <guid>https://www.conserveholdings.com/firm-acquires-nc-va-assets</guid>
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      <title>Conserve Holdings Closes 2023, Expanding Portfolio with Two Prominent Acquisitions</title>
      <link>https://www.conserveholdings.com/conserve-holdings-closes-2023-expanding-portfolio-with-two-prominent-acquisitions</link>
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           BISWIRE/Jan. 11, 2024 — Conserve Holdings, a leading real estate investment firm, proudly announces the successful closing of two strategic acquisitions, marking a momentous end to 2023. These transactions, completed in less than four weeks, underscore Conserve Holdings' ability and commitment to seizing timely investment opportunities. The deals were funded entirely with internal capital, showcasing the company's financial prowess and flexibility in meeting tight timeframes.
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            Read More Here.
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           https://www.bisnow.com/biswire/conserve-holdings-2024-01-11-122377
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      <pubDate>Thu, 11 Jan 2024 17:35:27 GMT</pubDate>
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