MAA Affiliated Venture Sells Boston Apartment Community

Woodfield Commons Apartments, a 156-unit garden apartment community purchased in 2019 and located in the Boston suburb of Canton, Massachusetts was sold August 22, 2022.

MAA operated and acted as Asset Manager for the Property from acquisition. The Boston office of Walker & Dunlop represented the selling entity. The sale was an off-market transaction.

MAA does not reveal confidential pricing information as a courtesy to other transaction participants. However, it can be disclosed that the transaction achieved an annual Internal Rate of Return of 24.77%.