Boston, MA – April 2020 – MAA and Serone Asset Management’s recent acquisition of 16 Westland Ave Apartments in Boston’s vibrant Back Bay region was picked up by Bisnow. The piece focuses on the strategic considerations of making a high-dollar acquisition during the economic uncertainty brought about by the ongoing coronavirus pandemic.
To hear managing principal Christopher Thomson, MAA, tell it, the fundamentals were simply too strong to ignore:
“‘People are walking away from deals, and we did consider it, since looking at your options is always a prudent thing to do. But we decided that the fundamentals were too strong to let the deal go, even in the current environment.”