A multi-family asset located at 49-55 Hill Road in Belmont, MA has been sold for a total of $175,000,000. The property consists of 396 units, yielding a price per unit of $441,919. This apartment community was previously owned by the DiGiovanni family for over 50 years and includes adjacent commercial properties, which are part of the sale. The new owner, The Hamilton Company, plans for modernization and investment in the property.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $175,000,000
• Units: 396
• Price per Unit: $441,919
• Buyer: Jameson Brown - The Hamilton Company
• Seller: DiGiovanni Family
• Brokers: Simon Butler, John McLaughlin, Biria St. John & Brian Bowler - CBRE

The transaction was facilitated by Simon Butler, John McLaughlin, Biria St. John, and Brian Bowler, who represented the seller, the DiGiovanni family, during the deal. CBRE handled the listing and sale of Hill Estates, ensuring the transition to the new ownership was efficient and aligned with the modernization plans outlined by The Hamilton Company.