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Eagle Rock Properties Acquires Multifamily Portfolio In Brighton, Framingham, And Nashua For $500M

Property Image
SOLD
$500,000,000

Massachusetts

See Similar Deals
MultiFamily
Sold 01/12/2022
the dealdetailscomps
Property Image
SOLD

Eagle Rock Properties Acquires Multifamily Portfolio In Brighton, Framingham, And Nashua For $500M

9 Bronsdon Street, Brighton, Massachusetts 02135, United States

See Similar Deals
MultiFamily
Sold 01/12/2022
the dealdetailscomps

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

Eagle Rock Properties has acquired a multifamily asset in Brighton & Framingham, MA; & Nashua, NH. The property, located at 9 Bronsdon St, 50 Dinsmore Ave, 5 Georgetown Drive, 100 Vantage Terrace & 25 Bay Ridge Drive, consists of 1,314 units. The transaction was facilitated by Melnick Real Estate Advisors, with Scott Melnick representing the buyer. The seller, AIR Communities, completed the sale for a total price of $500,000,000, resulting in a per unit price of $380,518.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $500,000,000
  • Units: 1,314
  • Price Per Unit: $380,518
  • Market: Brighton & Framingham, MA; & Nashua, NH

Scott Melnick from Melnick Real Estate Advisors played a crucial role as the broker in this transaction, representing Eagle Rock Properties. This acquisition marks a significant investment by the buyer in the multifamily market, illustrating their continued focus on expanding their portfolio.

Players

EP
Eagle Rock Properties
BUYER
AC
Air Communities
SELLER

Details

SOLD
IMAGE: Scott Melnick DATE: 12/01/2022 ADDRESS: 9 Bronsdon St, 50 Dinsmore Ave, 5 Georgetown Drive, 100 Vantage Terrace & 25 Bay Ridge Drive MARKET: Brighton & Framingham, MA; & Nashua, NH ASSET TYPE: Multifamily BUYER: Eagle Rock Properties (@EagleRockProperties) SELLER: AIR Communities (@AIRCommunities) BROKER: Scott Melnick - Melnick Real Estate Advisors SALE PRICE: $500,000,000 UNITS: 1,314 ~ PPU: $380,518

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