West Roxbury Affordable Apartments Fetch $29M

Banker & Tradesman
November 7, 2016

Rockingham Glen, a 143-unit affordable apartment community in West Roxbury, has sold for $29 million.

Simon Butler and Biria St. John of CBRE/NE represented the seller and procured the buyer, Beacon Communities, who will preserve the property’s existing affordability. The sale was financed through MassHousing.

“We are pleased to have facilitated the sale of Rockingham Glen on behalf of our client who had owned the community since 2000 as part of a larger portfolio acquisition,” Butler said in a statement. “The sale marked the successful conclusion to an investment that yielded strong results while at the same time preserving the affordability, thus filling an important need in the West Roxbury community.”

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