Brandt Bowden Of Hanover Company Sells 260-Unit Multifamily Asset In Plymouth For $122M

The transaction involved a multifamily property located at 62 Station Drive in Plymouth, MA, consisting of 260 units. The asset was sold for a total sale price of $122,000,000. The price per unit (PPU) was calculated at approximately $469,231. The financing for this transaction included $82.83 million through Berkadia Commercial Mortgage.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $122,000,000
• Units: 260
• Price Per Unit: $469,231
• Seller: Brandt Bowden - Hanover Company
• Lender: Berkadia Commercial Mortgage

Brandt Bowden of the Hanover Company was the seller in this transaction, representing the company in the sale of the newly completed Hanover at the Pinehills. The deal involved significant financing arranged by Berkadia Commercial Mortgage, highlighting key players in the multifamily property sector.