Jonathan Slager Of Bridge Investment Group Acquires Riverbend On The Charles In Watertown For $85.5M

This transaction involves a multifamily asset located at 270 Pleasant Street in Watertown, MA. The property consists of 170 units and was sold for $85,500,000, resulting in a price per unit of $502,941. The acquisition was financed using a $55.6 million Fannie Mae loan at an interest rate of 4.7%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $85,500,000
• Buyer: Jonathan Slager - Bridge Investment Group
• Seller: Jordan E. Slone - Harbor Group International
• Units: 170
• Price per Unit: $502,941
• Loan Amount: $55,600,000
• Interest Rate: 4.7%
• Market: Watertown, MA
• Year-to-Date Market Increase: 18%
• Bridge Investment Group Acquisitions This Year: 12
• Total Units Acquired This Year: 3,380

Jonathan Slager from Bridge Investment Group and Jordan E. Slone from Harbor Group International were the key individuals involved in this transaction. Bridge Investment Group executed this acquisition as part of a broader strategy focused on increasing its multifamily portfolio in the Boston area.