Blackrock Realty Advisors Acquires Multifamily Property In Weymouth For $103.1M From Richard High & Peter Mahoney

The transaction involves the sale of The Commons at Southfield Highlands, a multifamily asset located at 95 Parkview Street, Weymouth, MA. The property, constructed in 2011, features 300 apartments, along with 8,200 square feet of retail space. The multifamily asset was sold for $103.1 million, equating to a price per unit of $343,667.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $103,100,000
• Units: 300
• PPU: $343,667
• Buyer: Blackrock Realty Advisors
• Seller: Richard High & Peter Mahoney - John M. Corcoran & Co

The sale signifies a transaction between John M. Corcoran & Co. and Blackrock Realty Advisors, with Richard High and Peter Mahoney representing the seller in this deal. The property includes various amenities, such as a fitness center and pool, that cater to residential needs.