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TruAmerica Buys 158-Unit Hudson Apartment Community
TruAmerica Multifamily has acquired J Highlands at Hudson, now rebranded as Highlands at Hudson. The 158-unit apartment community, situated at 307 Central St. in Hudson, MA, was built in 2005. The transaction price and seller details were not disclosed.
“Highlands at Hudson presents the ideal value add acquisition opportunity, with proven demand for renovated apartments and additional opportunities through continued renovations, professional property management and operational efficiencies,” said Matt Ferrari, Co-Chief Investment Officer and Head of Acquisitions of Los Angeles-based TruAmerica.
Highlands at Hudson’s amenity package includs outdoor recreational spaces, a fitness center, and a revamped lobby. Mike Coyne, Travis D’Amato, Maggie McFarland, and Brendan Shields of Walker & Dunlop represented the seller in the transaction. Acquisition financing was arranged by Russell Dey and Trevor Fase of Walker & Dunlop.
- ◦Sale/Acquisition
