Orchard Hills Landings to Bring Better Supply For Hudson Valley Region's Increasing Rental Market Demand
September 30, 2013
OWNERSHIP CHANGE AT ORCHARD HILLS COMMUNITY WILL BRING BETTER SUPPLY FOR HUDSON VALLEY REGION'S INCREASING RENTAL MARKET DEMAND
Town of Newburgh, NY - On Monday, September 30th the Orchard Hills Apartment & Townhome Community located at 1 Kayla Court (9W at Cortland Drive) changed ownership between Orchard Hills of Newburgh, LLC and new owners Orchard Hills Landings, LLC whose parent company is Landings Real Estate Group of Newport, Rhode Island. The Rhode Island based firm becomes owner after its subsidiary, Landings Management, LLC, has served as the community's management company for that past 14 months.
The newly named Orchard Hills Landings Apartment & Townhome Community will continue to offer area residents an alternative to single-family home ownership. A recent study done by Pattern for Progress' Center for Housing Solutions found home loan applications in the New York counties of Ulster, Orange, Dutchess and Rockland fell 80.5 percent between 2005 and 2011. As the region's mortgage application rates continue to plummet, Orchard Hills Landings provides the region's booming rental market with 260 new market rate residences.
Orchard Hills Landings currently offers 1 and 2 bedroom apartment style homes along with 2 and 3 bedroom townhome style residences slated to be available in late 2013. Once complete, the new townhome style residences will feature multi-level living spaces complete with garages and basements. Residents of Orchard Hills Landings can enjoy a variety of amenities featuring: professional management & maintenance services, in-home laundry, heated outdoor pool, on-site fitness center and private decks and balconies. Orchard Hills Landings is also a pet friendly community welcoming cats and dogs up to 95 lbs.
"We've spent the past 14 months building a vibrant community here in the Town of Newburgh," said Christopher Bicho, President of Landings Real Estate Group. "During this time we have become one of the area's premiere residential communities and we look forward to growing and meeting the needs of the expanding rental marketplace of the Hudson Valley region."
Appointments for apartment and townhome tours at Orchard Hills Landings are available seven days a week through the Orchard Hills Leasing Center located at 1 Kayla Court, Town of Newburgh, NY. To schedule an appointment please call: 845-562-2300 or e-mail:OrchardHills@landingsgroup.com. For more information you can also visit us at www.OrchardHillsLandings.com.