July 1, 2019
HFF secured acquisition financing for CityView at Longwood, a 289-unit apartment high-rise in Boston’s Longwood Medical Area. Located at 75 St. Alphonsus St., the 20-story property was originally built in the 1970s. The property is currently 95% leased.
Riaz Cassum, John Rose and Jennifer Keller of HFF represented the borrower, a joint venture between Jefferson Apartment Group and LaSalle Investment Management. The lender was a Brookfield-sponsored real estate debt fund and ING Capital LLC. Terms of the financing were not disclosed.
Amenities at the community include a pool, fitness center, resident lounge, laundry room and two-story parking deck with 185 spaces. The borrower plans to implement a renovation program that will substantially upgrade unit interiors and add new amenities.
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