Overview

Arrowpoint Properties is a real estate investment and management company currently focusing on the acquisition of value-add apartment communities throughout New England. Arrowpoint has historically acquired class B and C multifamily assets and implemented renovation programs which have contributed to the growth and increased value of those assets. Arrowpoint Properties currently owns and operates ...read more

investor capital managed

$13,930,000

Principal Experience

12 Years

Real Estate Experience

17 Years

Investment Programs Offered

Syndication, 1031 Exchange

Property Types

Multifamily

Regions

East

Strategies Employed

CRE Acquisition

Risk Profile

Value Add

Track record

16 investments · 16 assets

InvestmentTypeInception DateInvestment AmountRealization DateTotal ProceedsRealized IRRRealized Equity Multiple
The Lowell Portfolio
Direct Real Estate
08/04/2014
$1,515,000
04/28/2016
$1,800,000
30.36%
--
Essex House Condominiums
Direct Real Estate
03/31/2014
$1,305,000
12/23/2020
$2,100,000
--
--
The Lowell Portfolio
Direct Real Estate
08/14/2014
$380,000
04/28/2016
$500,000
34.52%
--
Shawsheen Heights
Direct Real Estate
02/27/2015
$910,000
10/28/2016
$1,160,000
37.9%
--
River's Edge
Direct Real Estate
08/01/2016
$15,600,000
07/26/2019
$21,800,000
38%
--
Highland Estates
Direct Real Estate
08/13/2015
$4,300,000
12/01/2017
$5,250,000
34.65%
--
Boxford St Apts
Direct Real Estate
08/12/2004
$415,000
05/30/2019
$534,000
--
--
Salem House
Direct Real Estate
06/16/2009
$890,000
--
--
--
--
Oakland Heights Apartments
Direct Real Estate
07/29/2010
$1,750,000
--
--
--
--
Howard Place Apartments
Direct Real Estate
02/28/2017
$950,000
--
--
--
--

Page 1 of 2

Active investment summary

Amount of Active Investments

$39,545,000

Co-invested Capital

$0

Realized investments summary

Amount of Realized Investments

$39,644,000

Average IRR

35.09%

Investments by property type

Multifamily0

Multifamily

100%

Total

100%

Team

David R Lamattina

President

 · 2011 - Present

Experienced owner/operator in the multifamily sector since 2004, Mr. Lamattina has extensive experience in acquiring, renovating, and managing apartment communities throughout the greater Boston and s...read more
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Jay Goldberg

Managing Partner

 · 2014 - Present

Jay Goldberg is a Partner at Arrowpoint Properties, bringing extensive experience managing and investing in numerous residential and commercial properties throughout New England. Mr. Goldberg, and par...read more
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Opportunities

Funded

Monitored

Multifamily

Appleton Square

Appleton Square combines modern residences with a convenient location to create an unsurpassed livi...

Inception: 09/25/2019

Funded

Monitored

Multifamily

Howard Place Apartments

Welcome to Howard Place Apartments, located just off route 495 in the Prospect Hill neighborhood of...

Inception: 02/28/2017

Funded

Monitored

Multifamily

Lowell Manor

Lowell Manor features almost all 2 bedroom units in an easily accessible and convenient location. M...

Inception: 06/26/2019

Funded

Monitored

Multifamily

Oakland Heights Apartments

Oakland Heights offers a mix of 1 and 2 bedroom, garden-style homes in an easily accessible and con...

Inception: 07/29/2010

Funded

Monitored

Multifamily

Ranger Mills

Ranger Mills is up close and personal. Units feature newly updated kitchens with GE stainless steel...

Inception: 06/26/2019

Funded

Monitored

Multifamily

Salem House Apartments

Welcome to Salem House Luxury Apartments, conveniently located in South Lawrence, MA, less than 2 m...

Inception: 06/15/2009

Funded

Monitored

Multifamily

Salem Village Apartments

Welcome to Salem Village Apartments, conveniently located in South Lawrence, MA, less than 2 miles ...

Inception: 12/30/2012

Funded

Monitored

Multifamily

Water's Edge Apartments

Welcome to Water’s Edge Apartments, conveniently located across from the Merrimack River less than ...

Inception: 05/05/2016

Full Cycle

Monitored

Multifamily

Boxford St Apts

Inception: 08/12/2004

Full Cycle

Monitored

Multifamily

Essex House Condominiums

Welcome to Essex House Condominiums, conveniently located in downtown Lawrence and less than two mi...

Inception: 03/31/2014

Full Cycle

Monitored

Multifamily

Highland Estates

Highland Estates, a 48 unit apartment complex located in Pelham, NH was purchased in 2015 for $4,30...

Inception: 08/13/2015

Full Cycle

Monitored

Multifamily

River's Edge

Rivers Edge, a 164-unit highrise located in Haverhill, MA was purchased in 2016 for $15,600,000, in...

Inception: 08/01/2016

Full Cycle

Monitored

Multifamily

Shawsheen Heights

Shawsheen Heights Apts, a 12 unit apartment complex located in Lawrence, MA, was purchased in 2015 ...

Inception: 02/27/2015

Full Cycle

Monitored

Multifamily

The Lowell Portfolio

The Lowell Portfolio, consists of an 18 unit and 5 unit multifamily property purchased together in ...

Inception: 08/04/2014

Full Cycle

Monitored

Multifamily

Union-Grove Apartments

Welcome to Union-Grove Apartments, conveniently located in Methuen, MA, less than 2 miles from Rout...

Inception: 03/30/2018

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