Westwood Glen, a 156-unit, age restricted apartment community located in Westwood, Massachusetts has changed hands for $34.4 million. TrueNorth Capital Partners picked up the property, which offers one- and two-bedroom units and was built in 1972. The community is located just off of High Street near downtown Westwood’s retail district. All of the apartments are reserved for households of 55 years of age and older. CBRE/NE represented the seller and procured the buyer.
“We are pleased to have facilitated the sale of Westwood Glen on behalf of our client who had owned the communities since 2000 as part of a larger portfolio acquisition,” said CBRE/NE’s Simon Butler. “The sale marked the conclusion to a successful investment that yielded strong results.”
