Gerding Edlen Development has secured $53.7 million in acquisition financing for the purchase of the Neponset Landing apartment community in Quincy, MA. CBRE’s Debt & Structured Finance team sourced the funding through Bank of America. The 280 unit asset is located at 2 Hancock St. along Boston’s MBTA Red Line and traded for $191,785 per unit. “Neponset Landing offers residents a great transit-centric location with views of the Boston Harbor and city skyline. We look forward to rolling through a planned capital improvement project that will enhance the living experience for each resident,” said Gerding Edlen Development’s Matt Edlen.
