Boston, MA. Sweden-based Akelius Real Estate Management U.S. LLC has expanded its U.S. footprint with a $5.8 million real estate purchase in Boston’s North End neighborhood. The mixed-use apartment building includes ten residential units and two commercial units.
Akelius acquires, upgrades and manages multifamily residential properties. Akelius, whose U.S. portfolio is over $1B in capital, first entered the U.S. market in 2015. Nixon Peabody’s deal team was led by Boston real estate partner Chris Froeb and associates Christina Ricotta and Ali Walendziak.
This is the latest acquisition in the Boston area for Akelius who acquired Carson Tower in 2016, South Boston’s only existing beachfront apartment community. In addition to the Carson Tower acquisition, Akelius U.S. has also acquired the following assets since 2015: Forest Court Apartments in Cambridge, Massachusetts; West Square Apartments and West Side Crossing in South Boston; and South Street Apartments in Brighton; as well as several other apartment buildings and complexes in the Greater Boston area.