Barings Acquires 136-Unit Multifamily Property In Cambridge, MA For $103M

A multifamily property located at 21 Charles St in Cambridge, MA has been sold in a recent transaction. The property, consisting of 136 units, was sold for a total price of $103,000,000. This equates to an average price per unit of $757,353. The transaction took place on May 5, 2022, and involved Barings as the buyer and Urban Spaces as the seller.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $103,000,000
• Number of Units: 136
• Price per Unit: $757,353
• Date: May 5, 2022
• Market: Cambridge, MA

The sale of this multifamily property was facilitated by the brokers Simon Butler, Biria St. John, and John McLaughlin of CBRE. They represented both the buyer, Barings, and the seller, Urban Spaces, in the transaction.