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Boston & New England  + Metro Boston  + Apartments  |  December 9, 2021
Ashland Woods in Ashland, MA
Lisa McDuffie
By: Lisa McDuffie

Ashland, MA Multifamily Sells for $18M to Newly Formed Firm

COPA Real Estate  Investments has purchased Ashland Woods, a 60-unit apartment complex in Ashland, MA, for $18.3 million or $304,600 per unit.

The property was completed in 2016 and consists of one- and two-bedroom units in two elevatored buildings with underground climate-controlled garage parking, a net zero solar array, an on-site management office, fitness center, dog park and communal gazebo and outdoor kitchen.

According to COPA Principals Phillip Bakalchuk and Ed Olchowicz, who formed COPA Real Estate Investments, LLC, in 2021 as an offshoot of PhilMor Real Estate Investments, the Town of Ashland and Ashland Woods fits perfectly into the company’s typical investment profile: a solid community with strong schools; convenient access to nearby employment and retail hubs; and direct access to Boston via the Ashland commuter rail stop just one mile away. 

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Inside The Story

PhilMor Real Estate Investments

About Lisa McDuffie

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.
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