Ashland, MA COPA Real Estate Investments, LLC has completed the acquisition of Ashland Woods, a Class A multifamily property, for $18.275 million. Completed in 2016, the property consists of 60 one- and two-bedroom units in two elevator buildings with an air-conditioned underground garage, net-zero solar panel, on-site management office, fitness center, park for dogs and well-maintained grounds with a communal gazebo and outdoor kitchen.
Phillip Bakalchuk and Ed Olchowicz formed COPA Real Estate Investments in 2021 as a subsidiary 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 complete Ashland Woods as our first acquisition under the COPA umbrella. We plan to begin introducing some upgrades to common areas and upgrades to higher-end units over the next few months, transforming Ashland Woods into a premier boutique property. The Town of Ashland and Ashland Woods fits our typical investment profile perfectly: a strong community with strong schools; convenient access to nearby employment and retail hubs; and direct access to Boston via the Ashland commuter train stop just one mile from West Union St.”
As with 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 secured by a comprehensive rehabilitation capital plan and marketing strategy. Cash flow is maximized with 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.