Stylish lounge with blue built-in bookshelves, wood flooring, and mixed modern furniture pieces in Halstead Framingham

Halstead Framingham

Halstead Framingham

Framingham, MA | 1,020 Units

Situated in one of Greater Boston’s most robust suburban employment corridors, Halstead Framingham offered an opportunity to elevate a large-scale, mid-rise community into a modern, amenity-rich residential destination.

Our strategy focused on revitalizing the resident experience and improving operational performance. We created a comprehensive Halstead amenity package resident experience with new soccer fields, bocce and pickleball courts. We also modernized the property’s systems by replacing outdated boilers, installing new generators and adding window insulation. In addition to significantly reducing our utility costs, the costs of these improvements were discounted by leveraging state and municipal rebate programs.

Through hands-on asset management and a focus on reducing operating inefficiencies, we successfully repositioned this community as a vibrant and efficient residential offering in the suburban Boston market.

Investment Profile

Acquisition Price: $227M (2019)
Sale Price: $312M (2022)

Before

Halstead Framingham

Framingham, MA

After
halstead framingham before after
Before

Halstead Framingham

Framingham, MA

After
halstead framingham before after