New York City-based Corigin Real Estate Group has made its first investment in Massachusetts’ multifamily market with the $15 million acquisition of a 66-unit apartment complex developed by the Turner Bros. construction firm.

The Village at Cedar Heights at 10 Connors Ave. in Mansfield includes a resident lounge, pool, fitness center, and business center.

Colliers International represented the seller in the transaction. The property’s location less than a mile from the MBTA commuter rail’s Mansfield station contributed to the buyer’s interest, Colliers said.

“We continue to see investors aggressively chase value-add, commuter rail-centric product,” Colliers Senior Vice President Christopher Sower said in a statement. “As rents continue to soar in core-urban locations along Boston’s subway lines, the commuter rail has grown in popularity and become more widely adopted as a reliable mode of transit from more affordable suburban communities.”

Mansfield Rental Complex Sold to NYC Investors

by Banker & Tradesman time to read: 1 min
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