QUINCY, MA - Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently brokered the sale of Highpoint Apartments, a 394-unit apartment community, located in Quincy, Massachusetts. ARA New England brokers Richard Robinson and Terence Scott exclusively represented the seller, Highpoint Apartments, LLC and procured the buyer, an affiliate of Berkshire Property Advisors.
“Given Highpoint Apartments’ unbeatable location, quality finishes, and breathtaking views of Quincy Harbor and Boston’s shoreline, the property will likely see continued strong rental growth into the future,” said Richard Robinson, Principal for Apartment Realty Advisors in New England.
Built in 2004 by Roseland Property Company and The Congress Group, Highpoint Apartments includes 394 units on 22 acres of land. Situated in a private setting at the summit of one of Quincy’s highest elevations, the property offers residents excellent views of the surrounding area including Quincy Bay and downtown Boston. The property also features an 8,000 square foot clubhouse and a high-end unit amenity package. Tenants living at Highpoint Apartments can enjoy and have access to an exceptional health and fitness facility, business center, community lounge, heated swimming pool, tennis court, and covered parking.
To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Kaitlyn Fox, at kfox@ARAusa.com or 781.238.4819.
About ARA
Atlanta-headquartered ARA is the largest privately held, full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, notes sales, seniors, student & manufactured housing and multihousing land. ARA is comprised of the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of resources, unparalleled market expertise and nationwide presence in the multihousing marketplace has resulted in average annual production volume of $5.5 billion in real estate transactions since 2005. For detailed information on ARA’s extensive multihousing investment services, visit www.arausa.com
About Berkshire Property Advisors
Headquartered in Boston, MA, Berkshire Property Advisors, L.L.C. (together with The Berkshire Group and affiliates, “Berkshire”), is a vertically-integrated, national organization which focuses on multifamily real estate investment. Founded in 1969, Berkshire has been one of the nation's most active owners and lenders in the multifamily industry, closing more than $11 billion of multifamily equity transactions and $22 billion of mortgage loans. Berkshire manages approximately 33,000 multifamily units in 30 markets and has debt investments collateralized by approximately 78,000 units, with a team of approximately 850 professionals. Berkshire delivers a broad range of investment and management services to its institutional investor clients, including acquisition of equity and debt investments, development and redevelopment services, as well as portfolio, asset and property management services. The Company’s assets currently under management total approximately $4.4 billion.