Black Swan Living, led by Nick and Dr. Elaine Stageberg, recently paid $5.35 million for the 29-unit Uptown Apartments complex at 1721 Third St. SW. Michael Busch sold the eight-year-old complex.
Dr. Elaine and Nick Stageberg's Black Swan Living housing firm has been growing dramatically in the last few years. In 2022, they more than doubled their rental units in Rochester and Byron with the expectation of ending the year with 970 local units under their ownership and management.
Black Swan Living, under the name of Douglas Trail Townhomes Asset Management, recently purchased the two parcels in northwest Rochester that make up the Douglas Trail Townhomes. The deal cost Black Swan $11 million to add 100 Med City townhouses to its housing portfolio last week.
Black Swan Living, led by Rochester Realtors and developers Nick and Dr. Elaine Stageberg, purchased the 90-year-old Residence at Old City Hall apartments at 224 First Ave. SW from Jeff Allman for $5 million in mid-September.
The 95-year-old Furlow Apartments and its younger sibling, Hamilton Apartments, located side-by-side at 508 Fourth St. SW along with the Raymond Apartments at 23 7th Ave. SW were sold recently for a combined $7.02 million