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Two years after delivering the community, Atlanta-based Wood Partners has sold The Washingtons in Melrose, MA to Monogram Residential Trust (NYSE: MORE), an owner, operator and developer of luxury apartment communities headquartered out of Plano, TX.
Monogram acquired the 182-unit for $74 million, or approximately $412,000 per unit, as part of a 1031 exchange. Located at 2 and 37 Washington St., The Washingtons is a transit-oriented development…
Article From: "Key Realty Commercial Real Estate News" Read full article