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Silver Street Development Corp. has acquired the 250-unit Pequot Highlands apartment complex in Salem, MA from Winn Cos. for $26.65 million, or approximately $107,000 per unit.
Pequot Highlands was constructed in 1971 at 12 1st St. off the Highland Ave. thoroughfare in south Salem. The community consists of one- to three-bedroom apartments – with 100 units reserved for affordable housing – as well as on-site amenities that include including playgrounds…