November 13, 2015
Framingham firm buys Salem apartments for $36M
Courtesy Photo
The apartment complex at 1 Carol Way in Salem was recently bought by a Framingham company for $36 million.
By Sam Bonacci
Framingham-based Taymil Partners has purchased a 148 unit Vinnin Square apartment complex in Salem for $36 million.
The apartments that sit on 3.6 acres of land near the coast were sold by New York-based TGM Associates that purchased the property for $33.5 million in 2007.
The buyer, Taymil Partners, is a multifamily real estate investment and management company with 2,000 apartment units across 20 properties in Massachusetts, Maine, New Hampshire, Rhode Island and Connecticut, according to the company’s website.
The broker on the transaction was Travis D'Amato of Jones Lang Lasalle.
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