Kelley Family Properties

05/13/2026

CLOSED | Kelley Family Properties Acquires 30-Unit Mast Road Portfolio in Lee, New Hampshire

Kelley Family Properties (via JP Irving, LLC) is pleased to announce the April 24, 2026 closing of the Mast Road Portfolio — a four-building, 30-unit multifamily community located at 38, 51, 52, and 54 Mast Road in Lee, New Hampshire. The portfolio was acquired for $5,120,000 ($170,667/unit), reflecting a compelling basis in a supply-constrained submarket.
Built between 1957 and 1965, the portfolio comprises four two-story residential buildings totaling 16,469 square feet of living area on a combined 3.54 acres.
The portfolio presents a well-defined value-add opportunity in a market with limited new supply. Current rents across the portfolio are below market, and a programmatic renovation program targeting unrenovated units is expected to drive meaningful rent growth and NOI expansion over the hold period. Kelley Family Properties will manage the asset in-house, enabling hands-on ex*****on of the business plan from day one.
Site improvements are already underway, with an immediate capital program focused on new windows, doors, siding, and infrastructure upgrades — investments that will enhance curb appeal, reduce deferred maintenance risk, and position the portfolio competitively within the local rental market.
Lee, NH sits at the heart of the Seacoast New Hampshire corridor — just 3 miles from the University of New Hampshire in Durham, 8 miles from Downtown Dover, and 17 miles from Downtown Portsmouth.

Deal Team
Seller Representation: William Peck, First Vice President, Horvath & Tremblay
Financing: Kennebunk Savings Bank
Buyer: Kelley Family Properties via JP Irving, LLC

We are grateful to Will Peck and the team at Horvath & Tremblay for a professional and well-run process, and to Kennebunk Savings Bank for their partnership in financing the acquisition. We look forward to investing in this community and delivering a well-maintained, high-quality rental experience for our residents.

12/31/2025

Closing out the year with appreciation for our residents, vendors, partners, and team at Kelley Family Properties.

We’re looking ahead to exciting opportunities and continued growth in 2026!

Wishing everyone a Happy New Year 🎊

09/09/2025

Kelley Family Properties is excited to announce the acquisition of two new residential properties in New Hampshire:

✨ 473 Middle Street, Portsmouth
Located in the coveted Little Harbour neighborhood, this Italianate 5-unit building has been lovingly maintained and was on the market for the first time in nearly 50 years. Just a short walk from downtown and the West End, it features four one-bedroom apartments and one two-bedroom residence. With tall ceilings, oversized windows, original woodwork, decorative fireplaces, and a wrap-around porch, it perfectly blends historic character with timeless curb appeal.

✨ 86–88 N. State Street, Concord
Situated in Concord’s Northwest end, this 6-unit apartment building offers a mix of one, two, and three-bedroom layouts. With strong rental potential and convenient access to downtown, it’s a valuable addition to our growing portfolio in the Capital Region.

We look forward to continuing to provide thoughtfully maintained housing options for residents in both Portsmouth and Concord!

07/28/2025

We are pleased to share that Kelley Family Properties has acquired Park View Apartments at 261 Pine Street in Manchester, NH, from Red Oak Apartment Homes as of July 22. Kelley Family Properties worked with Craig Labrecque, from MFH Realty, who represented the Seller, for a smooth transaction and quick close.

This 24-unit apartment building is a welcome addition to our growing portfolio, offering intentionally built, one-bedroom, one-bathroom units in a convenient, walkable location just across the street from Kalivas Park and in close proximity to the SNHU Arena. The property also features convenient off-street parking, full building fire suppression system, an elevator, and easy access to downtown amenities.

We look forward to continuing to provide quality, professionally managed living spaces for our residents and contributing to the vibrancy of the Manchester community!

06/02/2025

We were honored to celebrate the official ribbon cutting of CIRCA, our newest residential community at 177 N. Main Street in downtown Concord, NH!✂️

What was once the First Congregational Church has been thoughtfully transformed into 30 modern apartments — all while preserving the historic character of this beloved landmark.

A heartfelt thank you to Mayor Byron Champlin, members of the City Council, City staff, and committee members for joining us at the event and for your continued support throughout this transformative project.

We’re incredibly proud of what CIRCA represents: a respectful nod to the past and an investment in the future of downtown Concord. We’re thrilled to now be welcoming our first residents home — with more than half of our units already leased!

This project would not have been possible without the vision and collaboration of our partner, developer Jon Chorlian, our partners at Franklin Savings Bank, John Jordan Design, and the dedicated construction vendors.

04/24/2025

We love seeing our tenants grow and thrive within the Kelley Family Properties portfolio! 🎉

04/01/2025

🎊 Today we’re celebrating two years with our Director of Property Management, Casey Purinton!

In just two years, Casey has brought incredible leadership, organization, and vision to our property management team. He is the steady hand behind the scenes who keeps everything running smoothly — always proactive, solution-focused, and dedicated to building positive relationships with tenants, vendors, and our entire team. His attention to detail and ability to calmly navigate every challenge make him an invaluable part of Kelley Family Properties. We’re grateful for all Casey does to help our team and portfolio grow — and we’re excited to see what the future holds!

03/13/2025

✨ Vendor Spotlight ✨

Shoutout to A Cleaner Solution for working their magic at Rumford Arms: 248-250 N. Main Street in Concord! These original white sinks had seen better days, but with a little (okay, a lot) of elbow grease, they’re looking brand new again. Swipe to see the before-and-after—it's seriously impressive!

We’re lucky to have such a great cleaning crew helping us keep our properties in top shape. If you ever need a team that gets the job done right, we can’t recommend them enough! https://www.acleanersolutionnh.com/

03/06/2025

🚧 Circa Renovation Update - 177 N. Main Street, Concord, NH! 🚧

Significant progress continues at Circa, the transformation of the historic First Congregational Church into a vibrant community of 30 modern apartments. We’re pleased to share that all mechanical, electrical, and plumbing (MEPS) rough ins are complete, and sheetrock installation has been finished!

Our team is now working hard on the next phase: painting, flooring, tiling, and kitchen & interior trim installs, along with some finishing touches for electrical and plumbing. We’re steadily moving towards the finish line with completion expected by late Spring 2025.

This adaptive reuse project is bringing new life to this iconic building while preserving its rich history. We can’t wait to share more as we move forward!

Financing by Franklin Savings Bank | Architecture & Design by John Jordan Design

Stay tuned for more updates!

02/20/2025

Exciting things are happening in downtown Concord! Circa, the renovation of the historic First Congregational Church into modern apartments, is bringing new life to this iconic building. Check out this recent article in the Concord Monitor to see how this project preserves local history while creating new housing for the community!

Financing for the project provided by Franklin Savings Bank , a wonderful community bank and partner.

The big, old buildings in Concord speak to Jonathan Chorlian