How should I approach value today? Property valuations of non-hospitality related asset classes are down approximately 5% – 10% with many investors requiring a ‘credit’ guarantee on all rents for new acquisitions. We are also starting to see a systemic shift in underwriting, with a drastically more conservative outlook on vacancy, future rent projections, and […]
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By Catherine Carlock – Real Estate Editor, Boston Business Journal | Jan 31, 2020 An affiliate Boston-based The Davis Cos. has acquired 77-81 Park Drive, a 55-unit apartment complex in Boston’s Fenway neighborhood, for a combined $28.5 million, or $518,000 per unit. The two-building complex includes 23 parking spaces. It’s immediately adjacent to the Back Bay Fens across […]
Read MoreBoston-based Blue Flag Partners has acquired a collection of four guest houses in downtown Nantucket for $25.1 million, with plans to partner with Life House hotel group on the management and restoration of the historic boutique hotel properties. Brokers say the $25.1 million price is the island’s priciest sale so far this year. It’s more […]
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