By Real Estate Alert | June 17, 2020 Another Boston apartment building has traded at a valuation agreed to before the coronavirus pandemic struck. Akelius Residential, a Swedish investment shop, paid $21.9 million this month for the 54-unit building at 49 Worthington Street. The $406,000/unit valuation translates to a capitalization rate of roughly 3.75%. Boutique […]
Read MoreInsights
Viewing posts from: Multi-Family
12Jun
Boston Realty Advisors Guides LMA Apartment Deals to $64M+ in Sales Amid Covid-19 Strife
Capital MarketsBy Joe Clements | The Real Reporter | June 12, 2020 BOSTON—With this city’s 213-acre Longwood Medical Area hosting a legion of top physicians and researchers, investors worldwide have been stirred by the chance to house those professionals in its surrounding neighborhoods, and that desire is being credited for three springtime apartment trades brokered by Boston […]
Read More
By Dees Stribling | Bisnow |June 2, 2020 The long-term outlook for affordable housing depends on its location in walkable areas with access to transit that will take residents to their jobs: urban density, in other words, or at least a pocket of density around a transit node. The pandemic has called that model into question, […]
Read More