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Universal Realty acquired the Arboretum Apts. at 1 Arboretum Way in Canton, MA from Equity Residential for $28.6 million, or approximately $181 per unit. Financing was obtained from Prudential Multi-Family Mortgage for $22.8 million.
The three-story, 202,983-square-foot multifamily complex was built in 1989 11 miles south of downtown Boston in the Outer Route 1 South Multifamily submarket. The unit mix consists of one- to three-bedroom units in…