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Equity Residential Bags $185M Boston South End MF

Equity Residential acquired Troy Boston, a 378-unit, Class A apartment high-rise community located in Boston, from a fund advised by Portland, OR-based Gerding Edlen. The $185-million complex at 55 Traveler St. opened in March 2015 and consists of one 19-story high-rise apartment tower, a second 11-story mid-rise apartment tower with numerous amenity spaces, and a four-story parking garage.

CBRE/New England’s Simon Butler and Biria St. John exclusively represented the seller. The sales price was not disclosed.

CBRE’s Butler notes Gerding Edlen “saw the vision for what this part of the South End could be. It was a transformative development that completely changed the neighborhood into a vibrant mixed-use neighborhood. Troy Boston is located in Boston’s dynamic South End neighborhood, and represents a best-in-class asset with a cutting-edge design, breathtaking views of the city and exceptional access to downtown Boston, Back Bay and South Boston.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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