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Kelsey Creek apartments in Watertown sold to two developers


WATERTOWN — Jacob “Jake” Johnson learned a lot from his mentor and how he built up his portfolio of real estate properties in and around the city.
Now, Mr. Johnson and his mentor, Brian H. Murray, have teamed up with each other to acquire Kelsey Creek Apartments on the city’s north side.
They recently bought the 100-unit apartment complex for $5.9 million. It’s the first joint venture for the two biggest players in the city’s real estate market.
The deal was finalized on Dec. 21. Cousins Benjamin and Matthew Waldroff, who Mr. Johnson has worked on real estate deals in the past, are also part of the partnership, doing business as Kelsey Creek LLC. ....

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