Bill Walton & Keith Gelb Of Rockpoint Acquire Multifamily Asset In Malden For $268M

The multifamily asset located at 211 Kennedy Drive in Malden, MA has been sold for $268,000,000. The property consists of 919 units, offering a price per unit of $291,621.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $268,000,000
• Buyer: Bill Walton & Keith Gelb
• Buyer’s Representative: Bill Walton & Keith Gelb - Rockpoint
• Seller: Metropolitan Properties
• Units: 919
• Price Per Unit: $291,621

Rockpoint, represented by Bill Walton & Keith Gelb, has acquired the Altitude Apartments in Malden. The former owner, Metropolitan Properties, has retained a stake through a partnership arrangement.