The Quinate Update 07/16/20

South Boston Multifamily Portfolio Sold for $12.5M

A five-building, 27 unit multifamily portfolio has sold for $12.5M to Torrington Properties. United Multi Family represented the seller and also procured the buyer in the transaction. The largest building within the portfolio is 1 Schrepel Place which features 12 units along with 8 parking spaces. UMF tells BLDUP "we are very pleased to complete the sale of the whole portfolio for our client. There’s no better steward to the South Boston buildings than Torrington Properties. After a very competitive sale process, we were all dealt a very difficult hand with the pandemic but everyone worked together to get the deal done.”

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