Wynnewood’s Merion Realty Partners is stretching its reach northward, writes Mike DeMasi for the Philadelphia Business Journal.
The investment firm recently acquired two apartment complexes in Saratoga County, New York, for a combined $82.4 million, marking its first foray into the Albany and Hudson Valley markets.
The deal includes 468-unit Fox Run Apartments in Clifton Park and 198-unit North Pointe Apartments in Halfmoon. Merion assumed existing Fannie Mae mortgages as part of the transaction, which came to an average of $124,000 per unit.
Founded in 2010 by William Landman and Richard Aljian, Merion Realty now manages 50 communities across the East Coast. Their portfolio totals nearly 13,000 units.
Aljian noted that both properties will undergo upgrades, including roof replacements, clubhouse enhancements, and amenity overhauls. The company plans to build a local management team in Saratoga County, signaling potential for further expansion.
“Merion Residential believes in providing our residents a safe environment to live, with first class management, services and amenities,” said Aljian.
Learn more about Wynnewood’s Merion Realty Partner and their push into New York in the Philadelphia Business Journal.
Editor’s Note: This post was originally published on MONTCO.Today in July 2025.
