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Boston & New England  + Finance  |  December 12, 2019
David Cohen
By: David Cohen

CBRE Secures $37M Acquisition Loan for Walpole Apartment Property

CBRE has secured a $37.2 million acquisition loan for Alta Easterly, a 157-unit apartment community in East Walpole.

Located at 1100 Cricket Lane, the community was delivered in 2018 and is comprised of three four-story residential buildings. The unit mix includes 57 one-bedroom, eight one-bedroom with den, and 92 two-bedroom units, with an average size of 948 square feet.

John Kelly and Collin Brennan of CBRE Capital Markets’ Debt and Structured Finance team secured the financing on behalf of the buyer, Audubon Capital Partners. The property has been rebranded Audubon Easterly. The lender was not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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