COPA Real Estate Investments Acquires Webster Village, A 76-Unit Luxury Apartment Complex Located In Hanover, MA

COPA Real Estate Investments,  announced the acquisition of Webster Village, a luxury boutique apartment complex in the Boston South Shore submarket of Hanover, MA in partnership with Long Wharf Capital.  Completed in 2017, the Property consists of 76 one- and two-bedroom units in two elevatored buildings with a full-time management team, fitness center, oversized resident club rooms with kitchen and a game area, and well-appointed landscaped grounds.  Following the acquisition, the property will be rebranded as Webster Woods, reflecting the private, boutique, and nature-focused themes of COPA’s investment strategy.  The property will be managed by John M. Corcoran & Company.

According to COPA Principals Phillip Bakalchuk and Ed Olchowicz, “We are very excited to close on Webster Village as our second acquisition under the COPA umbrella.  The South Shore is a submarket that we have long targeted with the Town of Hanover offering top-rated schools, strong local demographics, commuter line and highway accessibility to Boston, and an abundance of nearby high-quality retail and professional services.  We plan to begin introducing select common area enhancements and premium unit upgrades over the coming months, including a reconfigured management office, outdoor kitchen and fire pit amenity, and a dog park.  Furthermore, our strategy also contemplates the installation of rooftop solar as a means of reducing the property’s carbon footprint and offsetting ever-increasing electric expenses”.

Long Wharf Capital brings significant expertise and resources to this project, and COPA looks forward to working together on future projects to deliver quality investment results”.

About COPA
Phillip Bakalchuk and Ed Olchowicz formed COPA Real Estate Investments, LLC in 2021 as the successor entity to PhilMor Real Estate Investments (“PhilMor”) which owned and operated over 1,300 multifamily units and 500,000 SF of self-storage properties since 2012.  COPA’s investment strategy focuses on the acquisition, development, renovation, and management of commercial real estate, with an emphasis on the multi-family sector.  On a combined and cumulative basis, the principals have over their careers invested in over 11,000 apartment units and 735,000 SF of self-storage.  Visit https://COPA.properties

About LWC
Long Wharf Capital LLC is a Boston-based private equity real estate manager focused exclusively on value-added investments in the U.S.  Formed in 2011, the firm invests on behalf of institutional clients including pension funds, endowments, foundations, and family offices. Long Wharf’s investment approach utilizes multiple value creation strategies to target opportunities across property sectors and U.S. markets.  Since Long Wharf’s first fund in 2012, the team has invested $1.4 billion of equity in more than 80 investments across the U.S. with an aggregated gross cost of $4.1 billion. For further information, visit: www.longwharf.com.

About John M. Corcoran & Company
John M. Corcoran & Company (JMC) is one of the region’s leading residential management and development firms, specializing in delivering unmatched customer service and maintaining exceptional quality standards for more than seventy years. The privately-owned company has earned a reputation for integrity and professionalism with residents, owners, vendors and the communities that surround its residences, and for specializing in third-party management services to a sophisticated and diverse group of clients ranging from institutional investors and condominium associations to private entrepreneurs and public housing authorities. JMC focuses on high-quality facilities, superb maintenance, superior service and quality living in properties that are thoughtfully planned, tastefully decorated and finished with luxuriant landscaping. For more information on the company and its properties, visit https://www.jmcandco.com/.