Photo courtesy of MEAG

A German investor that’s increasing its stake in U.S. multifamily properties acquired a Fenway apartment tower from Samuels & Associates for $145 million.

The 1330 Boylston St. property includes 200 apartments. Munich Re’s MEAG division completed the purchase in a partnership with CBRE Investment Management, the German investor announced. Bisnow first reported the transaction.

The purchase price equates to $725,000 per unit.

The transaction follows MEAG’s acquisition of apartment complexes in Texas, North Carolina and Washington, D.C. worth approximately $400 million in the past two years.

“High-quality US real estate is attractive and offers higher risk-adjusted returns than in Europe. We are looking forward to acquire high-quality US real estate for other institutional investors in the future,” MEAG Global Head of Real Estate Stefan Haas said in a statement.

Samuels & Associates was the original developer of the building, part of the Fenway Triangle project that also included an office tower and parking garage. The Boston-based developer will remain manager and leasing agent for the apartments which currently list from $4,600 per month, according to Apartments.com.