Scott W. Amling Of TA Realty Acquires Multifamily Asset In Revere For $122M

The property involved in this transaction is a multifamily asset located at 656 Ocean Avenue, Revere, MA. The asset consists of 230 units and was sold for $122,000,000, amounting to approximately $530,435 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $122,000,000
• Units: 230
• Price Per Unit: $530,435
• Buyer: Scott W. Amling - TA Realty
• Seller: Andrew Montelli - Post Road Residential & Harvey M. Schwartz - Carlyle

Key individuals in the deal include Scott W. Amling representing TA Realty, who acquired the asset, and Andrew Montelli and Harvey M. Schwartz representing Post Road Residential and Carlyle, respectively, who were the sellers in this transaction.