AIR Communities buys 217-unit, 21-story, Chinatown Tower for $123.4M ($568,777/unit) from PGIM

10/14/2024

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Bisnow

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: PGIM Real Estate (Prudential), AIR Communities (Apartment Income REIT)

Apartment Income REIT acquired The Tower at One Greenway in Boston's Chinatown for $123.4M, according to public land records. It acquired the property from PGIM Real Estate, which purchased the property for $144.5M in 2017, the Boston Business Journal reported.