PALO ALTO, CA - Multifamily owner-operator and investment manager Pacific Urban Investors has acquired The Residences at River’s Edge, a 222-unit apartment community in Medford, MA. The acquisition of Residences at River’s Edge (the “Property”) is the third investment in the Boston metro for Pacific Urban bringing the total Boston MSA portfolio to 746 units.
The Residences at River’s Edge is a 2009-constructed, 100% market rate midrise community with 337 garage...