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Berkshire Residential Pays $122M for Newly Constructed Plymouth Multifamily

Locally based Berkshire Residential Investments has paid $122 million for a newly constructed, 260-unit apartment property in Plymouth, MA, reported the Boston Business Journal. Hanover Co., based in Houston, opened the property, which overlooks two holes on the Pinehills Golf Club’s Rees Jones course, last year. It has now been rebranded as Berkshire at the Pinehills.

Berkadia Commercial Mortgage provided $82.8 million in acquisition financing to Berkshire. The newly acquired property at 62 Station St. joins a Berkshire portfolio that includes seven other Boston-area properties, along with communities in 14 other states.

The sale of what is now Berkshire at the Pinehills follows the 2024 sale of Marq at the Pinehills to Alliance Residential. It’s among a handful of apartment properties within the 3,200-acre Pinehills development, the Business Journal reported. Some 2,900 of a projected 3,065 homes have been built at Pinehills, although most are single-family.

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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).

  • ◦Sale/Acquisition