LOS ANGELES – March 31, 2016 – Abington Emerson completed another successful quarter in Q1 2016 with four (4) new acquisitions totaling more than $20 million. The acquisitions showed continued diversity in the Fund’s portfolio, adding (i) office, (ii) mobile home, (iii) commercial development and (iv) multifamily investments and assets.
Most importantly, during a competitive market with tremendous amount of capital being deployed, Abington Emerson continued to find value in its core markets with the acquisition of following real estate assets and interests:
1311 Calle Batido — an 80,000 square foot office building in San Clemente, California
Southcrest Mobile Home Manor — A 203 pad Manufactured Housing Community located on 50 acres in Bloomington, Indiana
Weber Road — A prime commercial land parcel in Romeoville, Illinois
Bay Area Multi-Family — An interest in five (5) multi-family development projects in Northern California
“The first quarter of 2016 was a very good quarter for Abington Emerson” said Johnny Camarena, Senior Vice President of Acquisitions. “We continue to find value in the tertiary markets and are really happy with the diversity of our recent acquisitions.”