News:
Owners Developers & Managers
Posted: April 24, 2020
Jefferson Apartment Group completes $103.6 million sale of Jefferson One Upland
Norwood, MA Jefferson Apartment Group (JAG) completed the sale of Jefferson One Upland for $103.6 million, marking the first sale in JAG’s Income Fund. The community was acquired through a joint venture with KKR and JAG in 2017.
“The sale of Jefferson One Upland was a very successful outcome and we look forward to partnering on more projects in the future,” said Michael Friedland of KKR. “We were particularly grateful for JAG’s experienced property management company that executed the sales process so seamlessly.”
“We are all living in truly unprecedented times. But despite the coronavirus pandemic, we were able to complete the successful sale of our asset in Boston,” said Jim Butz, CEO of JAG. “Jefferson One Upland is an attractive community, well managed and sold to an astute buyer. We look forward to partnering with KKR on future projects.”
Located 16 miles from downtown Boston, Jefferson One Upland is a highly-amenitized, modern suburban retreat. Built in 2016 and acquired by JAG and KKR in 2017, this luxury apartment community has 262 units of class A, modern unit finishes in a variety of sizes including one, two and three-bedroom options.
MORE FROM Owners Developers & Managers
Windsor approves redevelopment of 500 Day Hill Rd. for mixed-use residential community
Windsor, CT The town has granted approvals for the redevelopment of 500 Day Hill Rd., clearing the way for a mixed-use residential community that will convert a former office campus into a housing development totaling approximately 300 residential units
.png)
Quick Hits
Columns and Thought Leadership
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
 (1).png)