Equity Residential Purchases South End “Troy” Apartment Complex for $216M
Developer Gerding Edlen has sold its 378-unit Troy Boston apartment tower in Boston’s South End for $216.1 million, or approximately 572k per unit.
The Traveler Street complex, had opened in March 2015, includes a 19-story tower, 11-story mid-rise building and 4-story parking garage.
“We are pleased to have facilitated this transaction on behalf of Gerding Edlen who saw the vision for what this part of the South End could be. It was a transformative development that completely changed the neighborhood into a vibrant mixed-use neighborhood,” Butler said in a statement. “Troy Boston represents a best-in-class asset with a cutting-edge design, breathtaking views of the city and exceptional access to downtown Boston, Back Bay and South Boston.”