Munroe Place @ Quincy Center
Quincy, Massachusetts
Munroe Place @ Quincy Center is an example of NEBF’s
strong preference to invest in transit-oriented, multi-family
rental properties. The $30 million project is located
immediately adjacent to an MBTA subway stop in suburban
Boston, Massachusetts. NEBF also recognized strong real
estate fundamentals, such as historically low vacancy
rates and a limited supply of new apartment development
in the submarket, would lead to a successful project.
We structured a straightforward equity investment with
local developer Abbott Development as a key component
to the project’s capitalization. After completion
of construction, NEBF’s portfolio officers worked
closely with our partner to achieve the most advantageous
permanent financing to ensure the project’s long-term
profitability.
