Coolidge Equities LTD, an affiliate of Houlihan Parnes, was formed in1992. The firm currently controls a myriad of multi-family properties, office buildings, shopping centers, co-op conversions, warehouses, and specialty properties. This portfolio is extraordinary in scope, consisting of over 15,000 multi-family units and 2 million square feet of commercial space. Although properties are located throughout the country, significant portions of the portfolio are positioned in the New York City Metropolitan area, Pennsylvania, New Jersey, the Southeast, and the Southwest.
The extraordinary success of Coolidge Equities reflects the superior ability of its highly experienced professionals to identify and acquire properties with value-add potential. The executive team of Coolidge Equities has a combined 100 years of experience in all aspects of the real estate business. Coolidge Equities specializes in acquiring investment portfolios, individual properties, loan pools, and REO properties that provide opportunities for increased appreciation through aggressive repositioning and innovative management. The firm enjoys longstanding relationships with many owners, brokers, lenders and professionals in the industry. Many of the current partners have been investors with the firm for well over a quarter of a century. These sources provide a constant avenue of access to a wide array of offerings.
Coolidge Equities is in the position of continually adding to its portfolio while also disposing of assets. The firm is able to act on new offerings immediately because of its diverse holdings, its in-depth knowledge of the sales and mortgage markets, and its financial strength. Its proven ability to make fast, reliable offers often gives Coolidge Equities the inside track in a competitive bidding situation. Further, the expertise of all involved is utilized to bring each property to the height of its value and then, to ascertain whether to add the location to its long term portfolio, or to position the property for sale.
This highly successful real estate firm continues to be extremely active in seeking new investment opportunities nationwide.
Selected Holdings:
Coolidge 53 Portfolio -
Acquired from a major REIT, this portfolio consists of 53 complexes with 12,550 garden apartment units, situated in 14 states in the eastern part of the country. Through careful implementation of the strategic plan, Coolidge Equities and it partner have disposed half of the portfolio and refinanced the rest. Substantial capital has been prudently invested to maintain the properties at exceptional service quality.
"Courts at Waterford" Chantanooga, TN - 318 Unit Apartment Complex
"Knollwood" Mobile, AL - 704 Unit Apartment Complex
"Sherwood Acres" Baton Rouge, LA - 604 Unit Apartment Complex
Coolidge 6 Portfolio -
With over 2500 units, this acquisition contained 6 highest quality properties in their respective locations, strategically spreading into Kansas, Kentucky, Missouri, Louisiana, and Tennessee. The size of each property allowed for management efficiency. The business plan was successfully implemented to increase rental income and reduce operating expense substantially over the years. Through careful refinance and disposition, this portfolio became solid asset for long term hold.
"Aspen" Shawnee Mission, KS - 306 Unit Apartment Complex
"Casa De Fuentes" Shawnee Mission, KS - 288 Unit Apartment Complex
"Cypress Pointe" Louisville, KY - 444 Unit Apartment Complex
"St. Germaine" Harvey, LA - 552 Unit Apartment Complex
Coolidge Keystone Portfolio-
With over 2500 units in 14 properties, this portfolio was strategically located in the high profile submarkets in Pennsylvania, Delaware, and Maryland. The transaction reflects Coolidge Equities’ exceptional ability to acquire large portfolios from off-market sources through its reputation and longstanding relationships in the investment community.
"Colonial Garden" Newark, DE - 137 Unit Apartment Complex
"Sweetbriar" Lancaster, PA - 143 Unit Apartment Complex
"Windsor Court" Lancaster, PA - 126 Unit Apartment Complex
Other Selected Holdings:
"Arbors" Memphis, TN - 420 Unit Apartment Complex
"Trinity" Cordova, TN - 540 Unit Apartment Complex
"The Preserve" Lawrenceville, GA - 418 Unit Apartment Complex
"Rosehill Pointe" Lenexa, KS - 498 Unit Apartment Complex
"Hastings Terraces" Hastings-on-Hudson, NY - 120 Unit Apartment Complex
38th St, New York, NY - 24 Unit Apartment Building
275 Broad Hollow Rd., Melville, NY - 126,861 SF Office
90 Merrick, East Meadow, NY - 251,261 SF Office
1985 Marcus Ave., Lake Success, NY - 314,264 SF Office