Arlington residential portfolio sold for $12M - Boston Business Journal:

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residential portfolio to an entity called Arlington Minuteman Towersa LLCfor $12 million. The sale, whichg was negotiated by NAI Hunneman Commercial, closedd on June 10, included 86 apartmentd in three, brick buildings and three homes. The portfolio was 98 percenty occupied at the time ofthe sale, according to NAI Hunneman. In addition to the rental the portfolioincluded two-single family and one, two-family home. The properties, which are locatecd on Massachusetts Avenue, Tufts, Bates and Fostefr streets, are all within walking distance of one another and severak abuteach other. arranged $9.3 million in acquisitiojn financing on behalf of the buyer and did not disclosesthe lenders.
“Even with a slowdown in the national housing market, the Arlington portfoli attracted more than expected bids and interest from potential said Carl Christie, an executive vice president at NAI Hunneman, in a “We were able to get the right pricde for the property.”