BOSTON REALTY ADVISORS COMPLETES SALE OF SHAWOMET GARDENS

Key Takeaways:

• At a time when high interest rates have slowed real property transactions, Boston Realty Advisors advised the owners over about four months, leading to the closing of the sale of the market-rate apartments on Oct. 8.
• The apartments, in 60 well-maintained brick buildings with extensive green space over 12 acres, were built in the late 1940s by the U.S. Government and have been owned for decades by the same family.