Expect Another Busy Year for Multifamily Transactions
As we approach 2026, transaction volume in the Greater Boston multifamily market has rebounded, and investors remain bullish about the region.
As we approach 2026, transaction volume in the Greater Boston multifamily market has rebounded, and investors remain bullish about the region.
The $50 million state fund created as part of Gov. Maura Healey’s big housing bill last summer will help a 92-unit Milton project get off the ground.
A recent Redfin report said Greater Boston now has one of the highest median asking rents across the country.
A two-year-old apartment complex in Wayland that’s seen steady rent increases in 2024 sold for $98 million to private equity giant BlackRock.
Procopio Cos. moved forward with its second multifamily development in Marlborough this year after acquiring a parcel near downtown and receiving $41.4 million in financing.
Developers and brokers say a new, albeit small, pool of state funding called the “Momentum Fund” will break through a logjam that’s severely reduced groundbreakings of major multifamily projects.
The nation’s multifamily owners are facing a financial crunch as they try to refinance construction and other loans. But Boston is likely to see a lot less distress than Sunbelt cities, experts say.
After a decade-long expansion, real estate investors and developers are confronting the reality that investment will be more selective in 2024 – perhaps even the most challenging financing climate in over a decade.
Boston-based Berkeley Investments is seeing growth opportunities in Lawrence, where it has completed a $98.5 million acquisition of a five-building multifamily and industrial portfolio.