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Boston & New England  + Metro Boston  + Apartments  | 
The Cove apartments in Hingham, MA

Barings Provides $77M for Goldman Sachs to Acquire Multifamily in Hingham

Barings has provided a $76.9 million financing package for Goldman Sachs Asset Management’ acquisition of The Cove, a 220-unit suburban apartment community in Hingham, MA.

“This investment is consistent with Barings’ core multifamily investment strategy, which focuses on providing capital for new assets in vibrant suburban locations, especially certain developments in coastal market locations with high ownership costs,” said Jonathan Neff, director with Barings.

CBRE advised Goldman Sachs on the financing.

The Cove opened in phases between November 2019 and April 2020 and is currently 92% occupied. The property consists of two, four-story residential buildings with elevator service and underground parking. It is accessible to Bare Cove Park’s extensive network of waterfront parks and trails and is in close proximity to the Hingham Shipyard.

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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 he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
  • ◦Financing