TRECAP, FAIRFIELD BUY $26M APT COMMUNITY IN MASS.

LAWRENCE, MASS. — A joint venture between TRECAP Partners and Fairfield Residential has purchased a 174-unit apartment community in Lawrence for approximately $26 million. The seller was Equity Residential. Situated on approximately 7 acres, River Pointe at Den Rock consists of six two- and three-story buildings containing a mix of one- through three-bedroom units. Amenities include a clubhouse with a lounge and fitness center, a swimming pool with a sundeck and barbecue areas, a car wash area, garage parking, and direct access to the 120-acre Den Rock Park preserve. The Cushman & Wakefield team of Simon Butler, Biria St. John, Michael Byrne and John McLaughlin represented the seller and procured the buyer.