Morgan Stanley Acquires 370-Unit Multifamily Property From Joseph Keough For $157 Million

The asset involved in this transaction is a multifamily property located at 24 Mulberry St, Worcester, MA. The sale price of the property was $157,000,000. It includes 370 units which translate to a price per unit of $424,324. The property features high-end apartments and various amenities, including a rooftop lounge, resort-style pool, fitness center, and co-working spaces.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $157,000,000
• Units: 370
• Price Per Unit: $424,324
• Buyer: Morgan Stanley
• Seller: Joseph Keough - Wood Partners
• Date of Transaction: 10/21/2025
• Market: Worcester, MA

Joseph Keough represented Wood Partners in the sale of the Alta on The Row property. This transaction reflects a significant movement in the luxury multifamily market within Worcester, highlighting Morgan Stanley's acquisition strategy in this sector.