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Boston & New England  + Finance  |  July 1, 2019
David Cohen
By: David Cohen

HFF Secures Acquisition Financing for 289-Unit Apartment Tower in Boston

HFF secured acquisition financing for CityView at Longwood, a 289-unit apartment high-rise in Boston’s Longwood Medical Area. Located at 75 St. Alphonsus St., the 20-story property was originally built in the 1970s. The property is currently 95% leased.

Riaz Cassum, John Rose and Jennifer Keller of HFF represented the borrower, a joint venture between Jefferson Apartment Group and LaSalle Investment Management. The lender was a Brookfield-sponsored real estate debt fund and ING Capital LLC. Terms of the financing were not disclosed.

Amenities at the community include a pool, fitness center, resident lounge, laundry room and two-story parking deck with 185 spaces. The borrower plans to implement a renovation program that will substantially upgrade unit interiors and add new amenities.

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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