Ironwood Apartments Update 11/13/23

Lynn Multifamily Acquired for $29M

Forest Properties has acquired the Ironwood Apartments in Lynn for $29,000,000 with $18,768,000 in financing secured through Lument Real Estate Capital. The 100-unit, recently constructed luxury apartment community consists of two buildings with a mix of one-bedroom and two-bedroom units. These luxury residences feature large open floor plans, quartz countertops, black stainless-steel appliances, balconies for select units, central A/C, and in-unit washer/dryer. In addition, the property offers a state-of-the-art fitness center, secure bicycle storage, outdoor patios with cooking and fireplace facilities, and a 3,000 sf rooftop terrace available for the community’s use. 

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