Arrowpoint Properties, a New England-based real estate management and investment company that primarily focuses on high quality apartment communities, acquired Rivers Edge at 1 Water St. in Haverhill, MA for $15.6 million, or approximately $95,000 per unit. It was purchased from Corcoran Management Co., a residential management firm in Massachusetts and New Hampshire.

The property last sold in 2006 for $9.2 million. It was built in 1970 and…