Matt Frazier Of Jones Street Investment Partners Acquires Multifamily Asset From Mahbod Nia For $122M

The property involved in this transaction is a multifamily asset located at 145 Front Street in Worcester, MA. The sale was completed for a total of $122,000,000, encompassing 365 units at a price per unit of $334,247.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $122,000,000
• Address: 145 Front Street
• Market: Worcester, MA
• Units: 365
• Price Per Unit: $334,247
• Buyer: Matt Frazier - Jones Street Investment Partners
• Seller: Mahbod Nia - Veris Residential

Representing the buyer, Jones Street Investment Partners was involved in acquiring the 145 Front at City Square apartment complex. Mahbod Nia represented Veris Residential as the seller in this transaction, which closed on July 23, 2025.