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Multifamily sales propel annual investment volume in Boston

Fourth-quarter property sales reach highest level in three years
The $221 million sale of a 696-unit rental apartment property in Waltham, Massachusetts, was the biggest property sale last year in Boston, spurring an increase in investment sales. The former Gardencrest Apartment Homes, now known as ReNew Waltham, was sold by Harbor Group International to FPA Multifamily for $317,529 per unit. (CoStar)
The $221 million sale of a 696-unit rental apartment property in Waltham, Massachusetts, was the biggest property sale last year in Boston, spurring an increase in investment sales. The former Gardencrest Apartment Homes, now known as ReNew Waltham, was sold by Harbor Group International to FPA Multifamily for $317,529 per unit. (CoStar)
CoStar Analytics
February 13, 2025 | 9:13 P.M.

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Led by sales of multifamily properties, Boston's total investment sales volume surpassed $3.4 billion in the fourth quarter of 2024, making it the strongest quarter for sales volume since 2022 and the best fourth-quarter performance since 2021.

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