The Hamilton Co. buys apartment complex near Northeastern University for $52m
Photo provided by the Hamilton Co.
The Hamilton Co., the real estate company owned by well-known Greater Boston landlord Harold Brown, said Thursday that a subsidiary has purchased a 134-unit apartment complex at Boston’s 650 Columbus Ave. for $52 million.
The seller was Boston Land Development. The purchase was financed by KeyBank N.A.
The property at 650 Columbus Ave. occupies an entire city block near the Northeastern University campus, Hamilton Co. said, and the complex includes 33 condominiums and 134 rental apartments as well as a 141-car garage parking.
In a statement, Hamilton president Carl A. Valeri said: “These well developed, managed, and maintained buildings will continue to meet the moderate priced housing needs of the South End residents and Northeastern University’s student population. We will be providing the same high standard of care to which our residents are familiar.”
This is the latest purchase by Boston-based Hamilton Co., which said it has made nearly $300 million worth of purchases in the past three years. The company said it currently owns and operates more than 5,000 apartments and 3 million square feet of commercial property throughout Eastern Massachusetts.
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