Multifamily owner-operator and investment manager Pacific Urban Residential has announced the expansion of its East Coast investment footprint to include the Boston Metro market. Pacific’s Director of Capital Markets, Adam Fruitbine, will oversee the Boston expansion efforts.

Pacific’s current East Coast effort, which is jointly led by Patrick Freydberg and Adam Fruitbine, has focused on New Jersey, New York, and Connecticut. Freydberg successfully led Pacific to acquire three properties in these markets over the past 12 months totaling $275 million.

“The Boston Metro contains some of the most desirable investment submarkets in the country,” said Fruitbine. “We are excited to bring our institutional capital relationships and longstanding track record in the vintage asset space to the region for both value-add repositioning and long-term core ownership. We are currently engaged on prospective investments and anticipate closings before year end.” In addition to Boston, Pacific is assessing additional East Coast expansion markets, noted Fruitbine, “We are also in the process of evaluating additional major East Coast markets as part of our larger strategic expansion plan.”

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