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Hines Divests Cambridge MF to German Investors

Fuse Cambridge, a 244-unit Class A apartment community located on Cambridgepark Drive in Cambridge, MA, has traded hands. An entity owned by Wafra Residential Value Invest I, a Wafra Investment Advisory Group, Inc. real estate platform for German institutional investors, acquired the asset from Hines for an undisclosed amount.

Fuse Cambridge was completed in 2016, and consists of one six-story building with five levels of apartments over a single level of parking. The community is LEED Silver certified and has a complete amenity package including a sun deck with a heated pool, an outdoor kitchen area, a fitness center and a network lounge.

CBRE’s Simon Butler and Biria St. John represented the seller and procured the buyer.

Butler says, “We are pleased to have facilitated the sale of Fuse Cambridge on behalf of our client who had developed this community and successfully executed on their unique vision for this asset.”


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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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