17-Property Multifamily Portfolio in Sanford Trades for $4M
The Boulos Company has completed the sale of a 17-property portfolio in Sanford, ME for $4 million. The portfolio contains a 49-unit mix of fair market and subsidized apartments.
Chris Gallagher and Joe Italiaander of The Boulos Company represented the seller; Greg Perry of Compass Commercial Brokers represented the buyer, 56 Properties.
According to The Boulos Company, this deal is southern ME’s biggest multi-family portfolio sale of the year. “There’s continued demand for multifamily housing in southern
ME,” especially for deals that offer economies of scale like this one,” said Italiaander, “Given the statewide shortage of quality rental housing, tertiary markets like Sanford present an attractive opportunity for investors.”
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.