Michael Ermani, owner of Worcester-based Premier Investment Properties, has purchased more multi-family properties in the city, this time purchasing 10 apartment buildings for $8.5 million.Ermani purchased the properties from Pars Realty, a Holden-based firm managed by Christina Papalilo. The sale was finalized on Thursday, according to Worcester District Registry of Deeds records.Michael Ermani, owner of Worcester-based Premier Investment Properties. PHOTO COURTESY OF MICHAEL ERMANIErmani purchased the following properties:
170 Lovell St., a property containing three, three-story apartment buildingsÂ
A two-story apartment building at 50 Heard St.
A two-story apartment building at 1 Carleton St.Â
A two-story apartment building at 2 Carleton St.
A two-story apartment building at 8 Carleton St.
A two-story apartment building at 12 Carleton St.
A two-story apartment building at 18 Carleton St.
A two-story apartment building at 22 Carleton St.
In total, the sold properties contain 49 apartment units, said Jimmy Kalogeropoulos, broker owner of Worcester-based RE/MAX Partners, who represented Papalilo in the sale.Papalilo previously sold a 116-unit elderly housing development in Southbridge in November 2024 for $12.76 million. Ermani has been expanding his Worcester multi-family portfolio since at least 2021, often focusing on properties in need of upgrades and renovations. He purchased two properties in October for $5 million and three apartment buildings for $7.1 million in June, among other smaller purchases.Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries. Â
