February 8, 2012
Framingham Apartment Building: Done Deal
By Rick Saia
The owner of the 1,020-unit Jefferson Hills apartment complex in Framingham has completed its acquisition of the site with a $98-million loan, according to a statement from Jones Lang LaSalle, which secured the financing for Greystar, which owns apartment complexes throughout the United States.
Greystar, based in South Carolina, financed its purchase of the Route 9 complex with a loan from Freddie Mac's Capital Markets Execution program. Jones Lang LaSalle led the financing efforts for Greystar.
Jefferson Hills, developed in the mid-1970s, overlooks the Foss Reservoir from the eastbound side of Route 9.
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