CHASEN COMPANIES FINALIZES PURCHASE OF TALLAHASSEE MULTIFAMILY COMMUNITY
60-Unit complex marks the first Florida investment for the growing Baltimore-based real estate firm
(Baltimore, MD) November 7, 2022 – Chasen Companies, a leading multifamily, commercial, and single-family developer, today announced it has purchased Benchmark West Apartments, a 60-unit multifamily community in Tallahassee, Florida located at 2202 W Pensacola Street. The firm’s plans include a new name – The Capital Reserve – and modernization of the exterior and grounds of the property, as well as its interior one- and two-bedroom units, all of which are situated near Florida State University, Florida A&M, Tallahassee Community College, and Downtown Tallahassee.
“We are excited to solidify our first multifamily investment in Florida,” said Brandon Chasen, CEO and founder of Chasen Companies. “The Capitol Reserve at 2202 Pensacola is in a prime location in the state’s Capitol, an area that is experiencing tremendous growth with residents who are ripe for luxury living at an approachable cost. Our modern upgrades will bring a fresh aesthetic that professionals are looking for in their homes today that also complements the vibrant downtown shops and restaurants located just blocks away.”
Chasen Companies, experienced in modernizing properties in the Baltimore region, will preserve the community’s existing architecture while updating residences with new flooring and lighting, modern kitchens and bathrooms, designer finishes, stainless steel appliances, custom closets, and more.
Chasen Companies continues to grow rapidly, with more than 75 properties primarily in the Baltimore region and a growing footprint across the U.S. The firm’s current projects alone in 2023 will add more than 700 apartments to Baltimore and 200 across the U.S.
For more information on 2202 W Pensacola, visit https://www.thecapitolreserve.com/.