CBRE Global Investors Fund Acquires 274-Unit Multifamily Property in Massachusetts

by Amy Works

MARLBOROUGH, MASS. — CBRE Strategic Partners U.S. Value 7 fund has acquired Bell Wheeler Hill, a multifamily property located at 21 Austen Way in Marlborough. The 274-unit, garden-style apartment was sold for an undisclosed price. At the time of sale, the community was 94 percent occupied. The fund plans to upgrade and rebrand the property as The Heights at Wheeler Hill. The name of the seller was not released.

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