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Boston & New England  + Massachusetts  + Apartments  |  May 8, 2024
Emily Fu
By: Emily Fu

Equity Residential Buys Weymouth MF Property for $63M 

Equity Residential has acquired the 160-unit Helix Apartments in Weymouth, Massachusetts., a redevelopment of the former Boston Motel site, from Trinity Green Development for $62.6 million. The property underwent rezoning in 2018 to encourage mixed-use development. Trinity’s proposal for the development, filed in December 2020, was approved in March 2021, with the company agreeing to include 10 affordable units out of the total 160. 

Equity Residential, based in Chicago, owns a substantial portfolio of properties nationwide, including 25 multifamily buildings in Boston. In addition to the Helix Apartments acquisition, Equity is converting medical office space in Boston into 57 new residential units. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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