Wednesday, June 4, 2025

Two new Hough developments sell for $30M

The new Park Lamont apartments are a short walk or bike ride to school or work in
booming University Circle. This property and also-new Lumos apartments were
owned by their developer and, now completed, were sold to a new landlord
 (Reynolds Asset Management). CLICK IMAGES TO ENLARGE THEM.

In a $30.6M deal, a national real estate investment firm added 119 newly constructed apartments in Cleveland’s Hough neighborhood to its growing portfolio. New Jersey-based Reynolds Asset Management acquired Park Lamont, 9606 Lamont Ave., and The Lumos, 1866 E. 93rd St. Both are located a short walk or bike ride from jobs and classrooms in booming University Circle.

READ MORE

No comments:

Post a Comment