Equity Residential Acquires 270-Unit Apartment Community in Burlington
Equity Residential has acquired The Reserve at Burlington, a newly constructed, 270-unit apartment community in Burlington, MASS. The sales price was not disclosed.
Completed in 2019, the community features a range of studio to three-bedroom apartments with over 35,000 square feet of indoor and outdoor amenity spaces, including a two-story lobby with a concierge desk, a clubroom lounge with a catering kitchen, a two-story fitness center, four elevated courtyards, a resort-style pool with outdoor kitchen and bar, flexible common space and outdoor fireplaces, as well as a 422-space, covered parking garage.
Simon Butler and Biria St. John of CBRE represented the sellers in the transaction, The Davis Companies and Principal Real Estate Investors.
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.