Bob Faith Of Greystar Acquires Multifamily Asset In Malden For $112.5M From The Green Cities Co

The asset involved in this transaction is the Avana Cliffside apartment complex located at 500 Broadway, Malden, MA. The property consists of 295 multifamily units and was acquired for a total price of $112,500,000, translating to approximately $381,356 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $112,500,000
• Units: 295
• Price Per Unit: $381,356
• Buyer: Bob Faith - Greystar
• Seller: Molly Bordonaro, Brent Gaulke & Kelly Saito - The Green Cities Co

This transaction was facilitated by the involvement of Bob Faith representing Greystar, who completed the acquisition from the sellers, Molly Bordonaro, Brent Gaulke, and Kelly Saito of The Green Cities Co. The deal marks a significant acquisition in the Malden market.