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Boston & New England  + Apartments  |  November 20, 2019
David Cohen
By: David Cohen

Yellowstone Property Group Acquires Holyoke MF Property for $20M

Yellowstone Property Group has acquired Devonshire Place, a 180-unit, market-rate apartment community located at 50 Holy Family Rd. in Holyoke. The sales price was $19.7 million.

Built in 1988, the property is comprised of two six-story residential buildings with at-grade covered garage parking. The unit mix includes 20 one-bedroom and 160 two-bedroom units, with an average size of 1,001 square feet. Amenities include a clubhouse with sitting areas, fitness center and outdoor swimming pool with patio. The property also features a spacious courtyard with green space and mature landscaping.

Simon Butler and Biria St. John of CBRE’s multi-housing group represented the seller, First Merchants Group, in the transaction.

For comments, questions or concerns, please contact David Cohen

Read More News Stories About: CBRE
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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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