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124 Summer Street Update 01/22/21

Senné Named Management Partner for Latest Grossman Companies Acquisition

Senné to oversee two properties owned by The Grossman Companies in Somerville, Mass. and Medford, Mass.

The Boston-based, industry-leading real estate advisory and investment firm Senné announced today that it has been named the property management company for two apartment communities recently acquired by the longstanding real estate firm The Grossman Companies.

Headquartered in Quincy, Mass., The Grossman Companies is a family-owned real estate firm with deep roots in the area. Specializing in acquisitions, private lending, property management, and brokerage, the firm today owns about 2.5 million square feet of commercial and residential properties throughout New England.

This most recent acquisition by The Grossman Companies consists of two unique properties; the first is in the Spring Hill neighborhood of Somerville, and the second in the Winter Hill neighborhood of Medford, consisting of 76 units total. Both sites were built in the early 1900s and remain in great condition today, providing historic and quality homes for local residents in two rapidly evolving neighborhoods of Greater Boston.

About half of Senné’s diverse portfolio of managed units are located in Somerville and Medford, allowing the team significant market insights into the neighborhoods and their residents’ interests. Senné has been working in and around both Somerville and Medford for over a decade, witnessing the many shifts and changes of the neighborhoods, and is looking forward to evolving with these properties and The Grossman Companies in the years to come. 

"We are grateful to the Grossmans for partnering with Senné for their property management needs in this acquisition,” says William Senné, President and CEO of Senné. “Especially in these difficult times, having a knowledgeable, experienced, and local property manager has never been more important to investors and their tenants. Tenant retention, quality leasing services, strong financial management, and competent and reliable maintenance services all play a crucial role in effective property management, all of which are the cornerstone of Senné’s property management services. We are lucky to work alongside such industry professionals as The Grossman Companies, who share in our commitment to providing quality housing solutions in our communities."

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