Thomas E. Faust Jr. Acquires Multifamily Property In Boston For $101.5M

Eaton Vance Management, represented by Thomas E. Faust Jr., has acquired the Flats on D, a 197-unit apartment property in south Boston. The property was purchased from Clarion Partners for $101.5 million, at a price of $515,228 per unit.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $101,500,000
• Units: 197
• Price per unit: $515,228

Thomas E. Faust Jr., who represents Eaton Vance Management, participated in the transaction on behalf of the buyer. The seller, Clarion Partners, was represented by David Gilbert.