Spanish Billionaire Acquires Theater District Apartment Tower For $234M

The transaction involved a multi-family asset located at 665 Washington Street in Boston, MA. The property consists of 381 units, with a price per unit of $614,173, culminating in a total sale price of $234,000,000. This sale represents the largest multifamily investment in Boston for the year 2026.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $234,000,000
• Units: 381
• Price Per Unit: $614,173
• Buyer: Roberto Cibeira - Ponte Gadea
• Seller: Ed Lewis - Kensington Investment Management

Roberto Cibeira, representing Ponte Gadea, an investment firm established by Zara founder Amancio Ortega, acquired the property from Ed Lewis, who represented Kensington Investment Management, facilitating the largest multifamily transaction in Boston within the specified timeframe.