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Yellowstone Property Group Acquires Devonshire Place in Holyoke, Mass.

First Merchants Group Sells Apartment Complex for $19.8 Million

The 180-unit Devonshire Place apartment complex in Holyoke, Massachusetts, was completed in 1988. (CoStar)
The 180-unit Devonshire Place apartment complex in Holyoke, Massachusetts, was completed in 1988. (CoStar)

Monsey, New York-based Yellowstone Property Group has purchased the 180-unit Devonshire Place apartment complex in Holyoke, Massachusetts, from First Merchants Group for $19.75 million, or about $110,000 per unit.

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