Transaction adds 127 units to Portfolio; Two Strategic Hires to Support Growth
Hoffman United is pleased to announce the successful completion of the largest residential acquisition in the company’s history.
The newly acquired units, consisting of 127 1-3 bedroom apartments and townhomes, are centrally located in Millcreek Township (Erie, PA). This acquisition aligns with Hoffman United’s long-term strategic priorities of sustainable growth, operational efficiency, and providing quality housing for local residents.
Hoffman United president, Paul Hoffman, shared: “This portfolio checked every box for us. Together with our partners, we believe in disciplined acquisitions in markets we understand. With proximity to Erie’s main roadways and amenities, as well as our home office, these properties offer convenience to both residents and our own operational team.”
He added: “Residential real estate gave us our start and remains a core part of our portfolio. These will be generational assets for our company.”
With this acquisition, Hoffman United’s residential portfolio expands to 260 total units. Hoffman United and its affiliate, Blue Group Properties, collectively manage over $100 million in residential and commercial real estate assets, totaling 1 million square feet in seven states.
Expanding the Team to Maintain Operational Excellence
To support this continued growth, Hoffman United is excited to welcome two new team members who will play key roles in overseeing and enhancing the company’s expanded residential footprint:
- Mandy Loomis: Residential Property Manager
- Garrett Conley: Maintenance Technician
Their addition reflects Hoffman United’s commitment to upholding excellent tenant service as the portfolio scales.
“Growth takes good people, and these two have hit the ground running,” said Christine Hoffman, vice president. “With our management standards, we can help ensure quality housing remains available to local individuals. Mandy and Garrett bring expert skill sets and a willingness to do things the right way. Looking ahead, our team is excited.”
About Hoffman United/Blue Group Properties
Hoffman United is a growing real estate investment, development, and property management firm based in Erie, PA. Since 2014, the company has focused on disciplined execution and delivering high-quality assets to the communities it serves.
Blue Group and Blue Group II are Hoffman United’s private real estate funds focused on stabilized, income-producing assets. Since 2019, the Blue Group funds have raised roughly $15 million in equity and acquired more than $45 million in real estate.
Together, Hoffman United and Blue Group manage over $100 million in residential, retail, and industrial assets, totaling 1 million square feet across seven states. The companies have multiple development projects scheduled for 2026 and 2027.
