Invictus Real Estate Partners Acquires Revere, MA Multifamily For $84.35M

Invictus Real Estate Partners has acquired a multifamily property located at 660 Ocean Ave in Revere, MA. The property was sold by Westbrook Partners in a transaction facilitated by brokers Chris Phaneuf, Adam Dunn, and Scott DiSciullo of JLL Capital Markets. The sale took place on 12/01/2021 for a total price of $84,350,000. The property consists of 194 units, resulting in a price per unit of $434,794.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $84,350,000
• Address: 660 Ocean Ave, Revere, MA
• Market: Revere, MA
• Buyer: Invictus Real Estate Partners
• Seller: Westbrook Partners
• Brokers: Chris Phaneuf, Adam Dunn, & Scott DiSciullo - JLL Capital Markets
• Units: 194
• Price per Unit: $434,794

The transaction also involved mortgage brokers Scott Aiese, Alex Staikos, Jackie Meagher, and Hugh Doherty from JLL Capital Markets Debt Advisory, who facilitated a three-year, floating-rate loan in the amount of $60,900,000.