Washington Heights - New York, NY
November 21, 2011
Property Funds World – PRG buys USD29 million Portofino on the Park apartments
…Built in 1976, the garden-style apartments offer residents two pools, a spa, fitness centre, clubhouse, playground and picnic areas that will be upgraded as part of a USD2.8-million improvement package over the next two years, according to Edward Ratinoff, PRG managing director and head of national acquisitions.
“Portofino on the Park offers quality rental housing in one of the nation’s largest industrial markets. It’s an area on the forefront of the economic recovery because new jobs are being created in manufacturing and warehousing,” says Ratinoff…