Category: Multifamily

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term

Nashua, NH Colliers negotiated the sale of a five-unit multifamily property located at 103 Ash St. The property sold at a 9.8% cap rate for $875,000.

Warwick, RI Eastern Bank has led the financing of Wood Partners’ Alta Altitude housing project, a 214-unit luxury, 100% market-rate apartment development. Eastern provided a $31 million construction loan

Needham, MA Greystar, a global leader in investment management, development, and property management, and Haseko North America, the U.S. subsidiary of Japan’s largest condominium construction firm, broke ground on a new, 189-unit multifamily development at 100 West St. 100 West,

Three things define success right now. Responsiveness comes first. Boards and owners expect real-time information, not monthly summaries pushed out two weeks late. Financial discipline comes next. With insurance, labor, and capital costs all climbing, every line item matters and reserves need to be modeled honestly, not guessed at.

2. What trends or challenges are you currently seeing within your portfolio and market(s), and how is your firm adapting to meet them? One of the biggest challenges we are seeing is balancing rising operational and insurance costs while

New Bedford, MA Marcus & Millichap completed the sale of the Roosevelt Apartments, a 73-unit apartment building in downtown. The asset traded for $8.675 million. This 73-unit asset presented a compelling value-add opportunity of scale that attracted investment capital from Boston, Rhode Island, and Connecticut

Nashua, NH William Peck of Horvath & Tremblay has arranged the sale of a 17-unit multi-family portfolio. Peck exclusively represented the seller and procured the buyer to

Manchester, NH Brady Sullivan Properties celebrated the opening of The Residence at 1555 Elm, a 41-unit apartment community offering upscale living in a downtown location.

Scarborough, ME JLL Capital Markets has secured $13.55 million acquisition financing for Carrier Woods, an 84-unit Class A multifamily property. JLL worked on behalf of the borrower, Chestnut Realty Management, in arranging the seven-year, fixed-rate loan through Fannie Mae. The loan will be serviced by JLL Real Estate Capital, LLC.

Portsmouth, NH The Maris has officially opened its Sales Gallery at 35 Green St., marking the public launch for the planned 44-unit residential development. Located adjacent to

Bristol, CT Tim Hines of Horvath & Tremblay has arranged the sale of a 30-unit multi-family portfolio. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5.15 million.