January 13, 2020
Saint James Real Estate Advisors has been retained to sell 185 affordable apartments across 36 buildings in Boston’s South End. The portfolio is being offered without an asking price; a call for offers is due on Jan. 24.
The portfolio properties are circa 1910. All buildings were most recently renovated in 2003 and 2004. Each building maintains a separate tax parcel, and all 36 are located within 0.5 miles of one another.
“This sales offering provides great potential to own a significant portfolio of 100% affordable housing in one of Boston’s most desirable neighborhoods,” said Lisa DonFrancesco, principal at Saint James. “The South End is an important neighborhood that connects Back Bay, with all its grandeur, with the rich history of Roxbury, and makes this portfolio a rare opportunity for this investment product type.”
For comments, questions or concerns, please contact Paul Bubny