Newman Properties has made another multifamily acquisition on the South Shore with the purchase of a 24-unit townhouse-style community.

The Brookline-based firm purchased William Waye at 855 Temple St. in Whitman for $7 million from Etta Properties LLC.

Norwood Bank provided acquisition financing. Built between 2014 and 2016, the property contains three-bedroom townhouses averaging 1,300 square feet with full basements and patios. Newman Properties is seeking additional rental community acquisitions in the Quincy to Hyannis corridor, Principal Matthew Newman said in a statement.

Townhouse-Style Complex Sold for $7M

by Banker & Tradesman time to read: <1 min
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