• Sun. Aug 7th, 2022

COPA Real Estate Investments acquires Ashland Woods for $ 18.275 million


Ashland, MA COPA Real Estate Investments, LLC has completed the acquisition of Ashland Woods, a Class A multi-family property, for $ 18.275 million. Completed in 2016, the property consists of 60 one and two bedroom units in two elevator buildings with temperature controlled underground parking, a net zero solar panel, on-site management office, fitness center, a dog park and well-maintained grounds with a shared gazebo and outdoor kitchen.

Phillip Bakalchuk and Ed Olchowicz formed COPA Real Estate Investments in 2021 as an offshoot of PhilMor Real Estate Investments. PhilMor was co-founded by Bakalchuk in 2012, while Olchowicz has been a key member of the PhilMor team since 2013. On a cumulative basis, PhilMor has acquired, developed and improved nearly 1,300 multi-family units and 250,000 s / f in self-storage space, valued at over $ 350 million.

Bakalchuk and Olchowicz said: “We are very pleased to close Ashland Woods as the first acquisition under the auspices of COPA. We plan to start introducing some common area upgrades and high end unit upgrades over the next few months, turning Ashland Woods into a top notch boutique property. The Town of Ashland and Ashland Woods fits perfectly into our typical investment profile: a strong community with strong schools; convenient access to nearby employment and retail centers; and direct access to Boston via the Ashland commuter train stop just one mile from West Union St.

Like PhilMor, COPA seeks to acquire, develop and manage commercial real estate, with an emphasis on the multi-family sector. COPA’s value-added acquisitions are underwritten with a comprehensive rehabilitation capital plan and marketing strategy. Cash flow is maximized through highly interactive and convenient adaptive asset management. COPA brings the experience of over $ 1.6 billion in commercial real estate transactions through Bakalchuk and Olchowicz.