ROCHESTER, MN – Regency Multifamily has recently expanded their portfolio with the acquisition this week of The Pines of Rochester property located on the desirable northwest side of Rochester, Minnesota. The Pines was completed in 2017 and includes 192 units comprised of one- and two-bedroom luxury apartments. Although Regency Multifamily purchased the Pines this month, they took over property management in January 2018. Within 60 days of Regency Multifamily managing The Pines, the occupancy rate rose from 60% to 97% with a waitlist.
Regency Multifamily is committed to delivering the highest level of service to their residents and has made significant improvements to the brand new property over the last few months. A-class amenities include upgraded common areas to include designer furniture and art, high-tech fitness centers with on-demand yoga/spin classes, luxury leash-free dog park with walking paths, playground area, and free weekday shuttle service to and from the Mayo Clinic and the downtown area. Over $1 Million dollars was spent to upgrade the new property to make it the best-in-class for the Rochester marketplace.
“The Pines community is a quiet sanctuary from the city with all the modern, luxury amenities you expect in an upscale apartment community,” said Mark Avis, CEO of Regency Multifamily. “Those who choose to live the good life with us will appreciate that we’ve fussed over every detail and we’re excited to offer this fun and relaxing environment to Rochester.”
The Pines of Rochester is proud to be part of the growth in the Rochester market. Over the next 20-years Destination Medical Center will help support Mayo Clinic with a $5.6 Billion projected private investment to catapult Rochester to the next level as a global destination for health and wellness.
For more information about The Pines of Rochester go to PinesRochester.com.
The Pines of Rochester is a Regency Multifamily community. Regency owns, manages and develops apartment communities throughout the Midwest. Since 2007 Regency Multifamily has consistently been awarded the National Customer Service Award for Excellence. The Award, presented by CEL & Associates, Inc. recognizes companies whose management performance and commitment to the highest level and quality of service are considered to be the “Best in the Industry”. Go to Regency-Multifamily.com for more information.