Micozzi Companies Acquires 92-Unit Renew Worcester Apartment Complex For $25.73M From FPA Multifamily

The property asset involved in the transaction is a 92-unit multifamily apartment complex located at 5 Suburban Road, Worcester, MA. The sale price for the property was $25,730,000, equating to a price per unit of $279,674. This acquisition adds to Micozzi Companies' portfolio within the Central Massachusetts multifamily market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $25,730,000
• Units: 92
• Buyer: Micozzi Companies
• Seller: Gregory A. Fowler - FPA Multifamily

The deal reflects a $3 million gain for FPA Multifamily since 2021. Micozzi Companies is based in Boston and continues to target key areas in Central Massachusetts due to strong regional housing demand.