Workforce Housing Changes Hands in Western Massachusetts

Northeast Private Client Group (NPCG) arranged the sale of Beech Tree Apartments in Great Barrington, MA. Although the sale price was not disclosed, the workforce housing complex last traded for approximately $8 million.

SVP, Investments Taylor Perun and managing director Brad Balletto represented the seller, Rowin Capital, and procured the buyer, the Alander Group, which plans upgrades according to the Berkshire Eagle. The seller is a partnership managed by Daniel Scherban and Joseph Scherban.

Beech Tree Apartments is a 66-unit multifamily community located at 24 Silver St. in Great Barrington. The property spans 4.53 acres and includes eight residential buildings totaling 47,976 square feet, built in 1972.

Situated in the Berkshires, the property offers the buyer a well-positioned multifamily asset in one of western Massachusetts’ most desirable and supply-constrained markets, with strong year-round rental demand driven by the region’s robust tourism, arts, and cultural economy, according to NPCG.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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