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ARES Affiliate Divests Boston MF for $65M

An affiliate of The DSF Group purchased Fairlawn Apartments, a 347-unit apartment community located in the Mattapan section of Boston for $65 million. The seller was AP Fairlawn, LLC, an affiliate of ARES Management.

The property consists of 12 four-story apartment buildings completed between 1965 and 1968, and a single-story leasing office/maintenance shop. The unit mix is comprised of 143 one-bedroom apartments, 75 two-bedroom/one-bath apartments, 115 two-bedroom/1.5-bath apartments and 14 studios.

CBRE/NE multi-housing experts Simon Butler and Biria St. John represented the seller, and procured the buyer. CBRE’s Brian Eisendrath and John Kelly arranged the financing for the buyer through an agency execution.

CBRE’s Butler says, “The sale marked the successful conclusion to an investment that yielded strong results for the seller, while at the same time offering the buyer strong yields on a good forward basis through the completion of their value-add strategy.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

Step 1: Select Education
  • ◦Financing
  • ◦Sale/Acquisition
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