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EMET Capital Mgmt. Snaps Up College Suites at Brockport

New York City Outfit Adds 114-Unit Complex Serving Students of The College at Brockport SUNY
January 8, 2018
EMET Capital Management, a New York City-based investment banking firm, has purchased the College Suites at Brockport located at 4599 Redman Ave. in Brockport, NY.

Completed in 2009, the 114-unit/401-bed student-housing complex serves The College at Brockport SUNY, and is one of the only privately-owned off-campus student housing complexes near campus. The building features a mix of two-, three- and four-bedroom, fully-furnished apartments, and includes a fitness center, game room, laundry facilities and a business center.

Jose Cruz, Andrew Scandalios, Kevin O'Hearn, Michael Oliver, Stephen Simonelli, Jordan Avanzato and Ryan McBride of HFF's investment advisory team represented the undisclosed seller during negotiations.

“The demand for this well-located, off-campus housing property was very strong among private investors as they saw the significant upside potential,” Cruz said.

Please see CoStar COMP #4096173 for more information on this transaction.
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