In part of its strategy of acquiring transit-oriented properties in rapidly expanding neighborhoods in metropolitan Boston, multifamily investor Greystar purchased a 230-unit apartment complex in the northern Boston suburb Revere for $89.25 million, or about $446 per square foot.

The Charleston, South Carolina-based company acquired the multifamily community, named Ocean 650 Apartments, from a joint venture between Upton & Partners and TA Realty…

Article From: "Key Realty Commercial Real Estate News"   Read full article