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The Hamilton Company Purchases

South End City Block for $52 Million

(Allston, May, 6, 2013) The Hamilton Company today announced that Hamilton Northeast, LLC, a subsidiary of Hamilton, purchased a 134 unit apartment community from Boston Land Development. Utilizing its credit facility, Hamilton purchased the property for $52 million dollars and was financed by Matt Purtell of KeyBank, N.A. Represented by Sally Michael of Saul Ewing, this purchase along  with 9 other purchases made in the past 3 years total just shy of $300 million by The Hamilton Company.

 “These well developed, managed and maintained buildings will continue to meet the moderate priced housing needs of the South End residents and Northeastern University’s student population.  We will be providing the same high standard of care to which our residents are familiar, “ said Carl A. Valeri, President of Hamilton . 

Comprising an entire city block in the heart of Northeastern University Campus, the property at 650 Columbus Avenue consists of a 141 car garage parking, 33 condominium units and 134 apartment rentals all to be managed under one condominium umbrella.

About The Hamilton Companies:

The Hamilton Company, Inc, owned by Harold Brown, is one of the largest privately owned full service real estate organizations in Massachusetts.  It owns and operates in excess of 5,000 apartments and 3 million square feet of commercial property throughout eastern Mass.  Founded in 1954, Hamilton is now operating in its 59th year and is located in Allston, MA.

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