Methuen Mill Falls Complex Sold to New York Investor
A New York developer has acquired a 97-unit Methuen apartment complex redeveloped under the state’s Chapter 40B affordable housing law for its first Bay State holding.
A New York developer has acquired a 97-unit Methuen apartment complex redeveloped under the state’s Chapter 40B affordable housing law for its first Bay State holding.
The new owner of a 612-unit rental portfolio in Springfield plans upgrades to the property and preservation of affordability restrictions following a $76-million purchase.
Residents living at the 250-unit Pequot Highlands in the gateway city of Salem will see critical repairs made to the property and an increase in affordability for lower- and moderate-income households as a result of $41.2 million in MassHousing financing.