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Edgewood Manor


Edgewood Manor townhomes is one of the most recent acquisitions by DBC Real Estate Management. Constructed as a high-quality, for-sale townhouse community at a time when the housing market faced severe decline, the property was converted to rental townhouse apartments. The property is a well-designed and constructed community of 17 buildings with a total of 64 units; a combination of very large two and three bedroom townhouse apartments. All units include a one or two car garage, a full laundry and storage room, and a private deck overlooking wide lawns, a wooded setting and a lake. DBC Real Estate Management recognized that the location of Edgewood Manor in New Stanton, Pennsylvania, promised very strong occupancy. As a regional hub for major distribution centers and light industrial services, New Stanton is the center for regional employment but with very limited rental options. Edgewood Manor is close to the major interstate and Turnpike interchange for the region and immediately adjacent to the region's largest light industrial/distribution/office park. Another property in the DBC Real Estate Management rental portfolio is located only two miles from Edgewood Manor and since its acquisition in 2009 has performed well beyond projections. A focused management effort on resident service and quality standards by DBC Real Estate Management at Edgewood Manor is expected to produce the same results.

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