BOSTON– JLL’s Capital Markets experts announced the company arranged the sale of The Washingtons, a 182-unit multifamily community in Melrose, Massachusetts. Monogram Residential Trust purchased the community from Wood Partners.
Managing Directors Travis D’Amato and Michael Coyne, along with Vice Presidents Brendan Shields and Kevin Gleason, led the JLL team on the transaction.
“Outer Urban Boston continues to be in demand as investors look to capitalize on the city’s momentum,” said D’Amato. “This luxury rental community offers everything today’s core buyer is looking for, including being located a short walk to the MBTA Orange line.”
The Washingtons, located at 2 and 37 Washington St., is a transit-oriented community that provides residents with convenient access to downtown Boston. Each unit features top-of-the-line finishes and amenities. The community also includes a rooftop deck with outdoor seating and a resident lounge with a kitchen and bar.
JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. With access to thousands of domestic and foreign investors, our team of over 200 professionals provides comprehensive investment sales and dispositions services. We are also one of the nation’s largest multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.