Pacific Urban Investors Expands Boston MSA Portfolio with Acquisition of The Residences at River's Edge
PALO ALTO, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- Multifamily owner-operator and investment manager Pacific Urban Investors has acquired The Residences at River’s Edge, a 222-unit apartment community in Medford, MA.
- PALO ALTO, Calif., July 26, 2023 (GLOBE NEWSWIRE) -- Multifamily owner-operator and investment manager Pacific Urban Investors has acquired The Residences at River’s Edge, a 222-unit apartment community in Medford, MA.
- The acquisition of Residences at River’s Edge (the “Property”) is the third investment in the Boston metro for Pacific Urban bringing the total Boston MSA portfolio to 746 units.
- The Residences at River’s Edge is a 2009-constructed, 100% market rate midrise community with 337 garage spaces.
- “Residences at River’s Edge gives Pacific the opportunity to acquire a contemporary apartment community in an extremely job- and amenity- rich location.