L.A. Investor Adds Stoughton Apartments to Mass. Portfolio
A Los Angeles multifamily developer acquired a 179-unit Stoughton apartment complex as part of its focus on expanding its portfolio in supply-constrained Greater Boston.
Pembroke Eyes Resi Acquisition Strategy with Cambridge Deal
Fidelity Investments’ real estate arm added a Kendall Square housing high-rise to its portfolio as it pursues a diversification strategy.
Watertown Apartments Trade for $107M
Attractiveness of acquisitions in Boston’s inner suburban multifamily market prompted a Chicago investor to pay $107.3 million for an 11-year-old Watertown property.
Pinehills Apartments Trade for $122M
A 260-unit apartment complex in Plymouth’s Pinehills community was acquired by a Boston-based institutional investor for $122 million.
Beverly Apartments Trade to Grossman Companies
Boston-based Foxfield sold one of its three residential properties in Beverly, reaping $11.125 million from the sale of 50 Broadway.
JLL Names New Leaders for New England Multifamily Team
JLL named a pair of new co-leaders of its New England market’s multifamily sales team after hiring two former Cushman & Wakefield executives.
Berkeley Investments Sells JP Development for $37.8M
A 73-unit Jamaica Plain apartment complex that includes retail tenant Drawdown Brewery sold for $37.8 million.
Hanover Crossing Apartments Sold for $156M
A 300-unit apartment complex developed as part of the mixed-use transformation of the Hanover Mall traded for nearly $156 million.
Lynnfield Commons Sold for $81.5M
Braintree-based John M. Corcoran & Co. sold a Lynnfield apartment property to a partnership of Boston-based Taurus Investment Holdings and L&G for $81.5 million.
FPA Sells Easton Apartments for $33M
San Francisco-based FPA sold Zen Easton, an Easton 55-and-over housing complex containing 99 units, for $33 million.
Westborough Apartments Trade for $96M
An institutional investor paid nearly $96.2 million to acquire a seven-year-old suburban apartment complex.
Blackrock Fund Buys Southfield Housing for $103M
A Blackrock Realty Advisors fund paid $103.1 million for a pair of apartment complexes at the Union Point development in Weymouth.
Samuels Sells Fenway Apartments for $145M
A German investor that’s increasing its stake in U.S. multifamily properties acquired a Fenway apartment tower from Samuels & Associates for $145 million.
Newly-Completed Medway Apartments Trade for $76M
A Medway apartment complex completed in 2023 under Chapter 40B, the Massachusetts affordable housing zoning law, was acquired for $76.6 million in an all-cash transaction.
TTorren Flats Sold to Japanese Investor for $21M
A 30-unit Allston apartment complex completed in 2021 by Boston Real Estate Collaborative sold to a Japan-based real estate investor for $21 million.
Lower Mills’ Baker Chocolate Factory Trades for $41M
Dorchester’s Baker Chocolate Factory apartments traded for $41 million in a transaction between a pair of local developers.
Bridgewater Developer Sells Hudson Apartments for $67M
Bridgewater-based Claremont Companies sold a 176-unit apartment complex in Hudson to an institutional investor for $67 million.
Haverhill Lofts Sold to Watertown Investor
A Watertown multifamily developer acquired a one-time leather goods factory converted into loft-style apartments in downtown Haverhill for $13.7 million.
Bell Partners Adds Shrewsbury Complex in $96M Buy
Bell Partners tapped into its $1.3 billion value-add fund to acquire a Shrewsbury apartment complex for $96 million.
Everett’s Batch Yard Trades for $141M
A project that helped establish Everett’s status as a class A multifamily development market sold to New York-based investor LCOR for $141.1 million.
