Waterton Snags 503-Unit MF Property in Randolph

National real estate investor and operator Waterton has acquired Rosemont Square at 2 Chestnut West, a 503-unit multifamily complex in Randolph, MA. The sales price and seller were not disclosed.

The property is located within a 481-acre master-planned community and offers a variety of indoor and outdoor amenities. Comprising 20 three- and four-story buildings, Rosemont Square was built in phases between 1982 and 2012 and is located 10 miles south of downtown Boston. The pet-friendly property features a mix of one- and two-bedroom apartments with open floorplans, oversized living areas and newly designed kitchens.

“We have been watching the Boston market closely for some time and were attracted to the value-add potential, complexity and size of Rosemont Square,” said Matt Masinter, senior vice president of acquisitions at Waterton. “Keeping in mind the unique and historic nature of the property, we’ll implement our signature value-add program including in-unit upgrades and amenity enhancements to bring the community in line with competing product in the market.”

For comments, questions or concerns, please contact David Cohen