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Concord Investor Buys Braintree Apartments Near Transit

Jan 9, 2019 | Reprints | Unlock Link

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A Concord multifamily investor has paid $15.25 million for a 72-unit apartment complex in Braintree.

The price for the Windjammer Cove apartments at 19-71 Shaw St. works out to nearly $212,000 per unit. The buyer is an affiliate of True North Capital Partners, which specializes in mid-market multifamily investments.

Colliers International’s multifamily group represented the seller, WJ Partners LLC and Oak Sapling Partners LLC.

The transaction reflects demand for transit-friendly suburban apartment properties, Colliers Senior Vice President Christopher Sower said in a statement. The property is located one-third of a mile from the East Braintree/Weymouth Landing MBTA commuter rail station.

B&T Daily