Chase Properties Announces the Acquisition of New Town Apartments in St. Charles, Missouri

BEACHWOOD, Ohio–(BUSINESS WIRE)–Chase Properties Ltd., a Beachwood, Ohio-based real estate owner and
operator, in partnership with Gold Block Ventures, announces the
acquisition of New Town Apartments in St. Charles, Missouri, a growing
suburb of St. Louis.

New Town Apartments is a 157-unit property with an additional 68 units
under development in New Town, a highly amenitized, master-planned
community in St. Charles County.

The acquisition of New Town Apartments is consistent with Chase’s
strategy to increase their portfolio to include multifamily properties
in highly stable markets. According to Yoel Mayerfeld, Chase Co-CEO,
“New Town represented a unique opportunity to own some of the best
rental properties in St. Charles County due to the brilliant planning of
this self-sustaining community that is New Town.”

Chase Properties Ltd. is a full-service owner and operator of
shopping centers located in 17 States throughout the Midwest, Southern
and Eastern U.S. The company was founded in 1973. Currently, Chase
Properties owns and manages 32 shopping centers comprised of
approximately 7 million square feet. Additional information can be found
at www.chaseprop.com.

Contacts

Chase Properties
Yoel Mayerfeld, 216-464-6626

leverton

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