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Rockpoint teams with Metropolitan Properties to acquire apartments in Boston suburb

The acquisition recapitalizes the 919-unit rental in Malden
Rockpoint, a Boston-based real estate private equity firm, acquired the Altitude Apartments, a 919-unit residential complex in Malden, Massachusetts, as part of a recapitalization with Metropolitan Properties. (CoStar)
Rockpoint, a Boston-based real estate private equity firm, acquired the Altitude Apartments, a 919-unit residential complex in Malden, Massachusetts, as part of a recapitalization with Metropolitan Properties. (CoStar)
By Miranda Thompson
CoStar Research
April 1, 2025 | 4:53 P.M.

Boston-based private equity firm Rockpoint said it acquired the Altitude Apartments in Malden, Massachusetts, in a recapitalization deal with Metropolitan Properties, a local owner-operator that had owned the property outright prior to this sale.

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