Berkshire Residential Pays $122M for Newly Constructed Plymouth Multifamily
Locally based Berkshire Residential Investments has paid $122 million for a newly constructed, 260-unit apartment property in Plymouth, MA, reported the Boston Business Journal. Hanover Co., based in Houston, opened the property, which overlooks two holes on the Pinehills Golf Club’s Rees Jones course, last year. It has now been rebranded as Berkshire at the Pinehills.
Berkadia Commercial Mortgage provided $82.8 million in acquisition financing to Berkshire. The newly acquired property at 62 Station St. joins a Berkshire portfolio that includes seven other Boston-area properties, along with communities in 14 other states.
The sale of what is now Berkshire at the Pinehills follows the 2024 sale of Marq at the Pinehills to Alliance Residential. It’s among a handful of apartment properties within the 3,200-acre Pinehills development, the Business Journal reported. Some 2,900 of a projected 3,065 homes have been built at Pinehills, although most are single-family.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout