![]() ![]() Limit Repetitive Content to Weekends Historically repetitive content is only allowed Friday through Sunday unless there is truly a remarkable event (i.e. If there's a megathread that applies to your post, save your post for them. This includes discussion of state/national policies that affect Northern Virginia, topics that those in Northern Virginia will find of interest or may have knowledge of. Keep posts relevant to those in Northern Virginia. Posts to facilitate illegal activity will be removed. Exceptions to this include: extra event ticket giveaways from individuals, local community-run events like neighborhood yard sales.Use r/dcdump, Craigslist, Facebook Marketplace, or other outlets.Referral codes for services are also not allowed. Posts for buying or selling items will be removed. This includes, but is not limited to, engaging in 'doxxing' or promoting a malicious dissemination of other's personal info such as full-names, addresses, locations, workplaces, phone numbers, email addresses.When discussing heated topics, remember to engage in civil discourse.ĭo not engage in activities that share private personal information of others. This includes (but is not limited to) being hateful, harassing other users, or intended to harm or to incite harm against another person. The rules that matter are those maintained on new reddit (not that these change frequently)ĭon't be a jerk to others. Most of its properties are in major metropolitan areas such as London, Paris, Berlin and New York City.A subreddit for the residents and guests of Northern Virginia.įrom time to time, these may become outdated. It owns 50,000 apartment units in Sweden, Germany, France, Canada, the UK and the US. The firm also bought 321 East 22nd Street, a 117-unit rental building in Gramercy, for $60.9 million.Īkelius’ parent company is the largest listed real estate firm in Sweden. The Chelsea properties contain 245 apartments, some of which are rent-stabilized. Late last month, the firm acquired 225 West 23rd Street and 220 West 24th Street for $100 million. We can buy almost everything, as long as it fits our strategy.”Īkelius recently added to its New York City holdings through large transactions. “The size of the property does not matter. “We buy from 10 units up to 400 to 500 units,” Spann said. The firm’s “cherry-pickingˮ isn’t limited to small purchases. In Brooklyn, we are focusing on Clinton Hill, Prospect Park, Bed-Stuy, Brooklyn Heights, Red Hook and Park Slope.” The company owns 20 thousand rental apartments. “Manhattan and Brooklyn are our main focus at the moment. Akelius Residential Property AB (publ) owns, manages, rents, restores, and upgrades residential properties. So we buy quality before quantity,” Spann said. It is more important to find the right properties in a good location. Meaning it doesn’t matter the size of the building. This fits into a wider philosophy for their acquisitions. Maybe the property was neglected and decaying under the previous owner,” he said. “We like to buy properties with huge potential in terms of maintenance. The number of transactions also decreased by six percent to 2,419.Īccording to Spann, his firm is chasing a certain type of asset. For the period, the total value of investment sales deals across New York City dropped 39 percent to $18 billion. Who doesn’t want to be in New York? There are few cities in the world with the same charisma,” he said.Īkelius is an anomaly in a market with an increasing number of investors straddling the sidelines.Īccording to an August REBNY report, the city’s investment sales market posted declines in every major metric during the first half of 2017. Spann said that his firm’s entry to New York City was not based solely on economics. The firm plans to hold its New York City residential properties for the long term. The main shareholder of Akelius Residential Property AB is the Akelius Foundation with 85 percent, whose founder is the Swedish founder Akelius AB, Roger Akelius. With a portfolio of around 18,000 apartments, it is one of the largest real estate companies in Europe. It also acquired 90 Clinton Avenue, a five-story walk-up in Clinton Hill. Akelius is active in England, Canada, the United States and France. The firm’s planned expansion will add to what has proven to be an active year for its New York City business.Īkelius Real Estate Management, the US subsidiary of Swedish firm Akelius, bought 185 Prospect Park, a ten-unit apartment building in Brooklyn, last July. “I would love to double the number of units between the next 18 to 24 months,” he said, referring to his firm’s 2,600-unit apartment portfolio across the Northeast. Spann, whose company is just two years removed from making its first New York City acquisition, is looking to initiate a growth spurt over the next two years. Ralf Spann, the CEO of Akelius Real Estate Management, is orchestrating the rapid expansion of his firm’s reach. ![]()
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