MAA Affiliated Venture Sells Second Boston Apartment Community

16-20 Westland Apartments, a 55-unit mid-rise apartment community, purchased in March 2020 and located in the Fenway area of Boston, Massachusetts was sold June 21st, 2023. The Purchaser assumed a Fannie Mae mortgage with a rate of 2.73%. In August, 2022, the selling entity had previously sold Woodfield Commons, a 156-unit garden apartment community, located in Canton, MA. MAA operated and acted as Asset Manager for the Property from acquisition. The Boston office of Walker & Dunlop represented the selling entity. MAA generally does not reveal confidential pricing information as a courtesy to other transaction participants.