Updated Oct 13, 2026
William Huffman Of Nuveen Purchases Multifamily Asset In Revere, MA For $77 Million From Redgate
205 Revere Beach Parkway
$77,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 12, 2026
About this deal
AI
The asset involved in the transaction is a multifamily property located at 205 Revere Beach Parkway in Revere, Massachusetts. The sale was completed for a total price of $77,000,000. This transaction represents the third sale on Revere Beach by Redgate, which has previously engaged in transactions totaling $263 million in 2021 and 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $77,000,000
- Buyer: William Huffman - Nuveen
- Seller: Redgate
William Huffman, representing Nuveen, has successfully acquired the One Beachmont apartment development from Redgate, highlighting a continuing investment in the Revere market. This deal adds to Redgate's series of significant transactions in the area over the past two years.
On the Map
$77,000,000
MultiFamily
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Players
Revere MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93