PROVIDENCE REALTY AFFILIATE ACQUIRES $108 MILLION APARTMENT PORTFOLIO

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MASSACHUSETTS — Providence, R.I.-based Providence Realty Investment has entered into the Massachusetts multifamily market with its acquisition of a 10-property affordable housing portfolio from Equity Residential for $108 million. The portfolio totals 931 units in a mix of garden-style, mid-rise and townhome-style residences. The properties are all located in Massachusetts within an hour's drive of each other. Providence made the purchase through its affiliate, Rhode Island Homes. The Cushman & Wakefield team of Simon Butler, Biria St. John, Michael Byrne and Christopher Sower represented the seller and procured the buyer.

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