US EditionBLVD Group Buys Rhode Island Apartment Community for $57M, Plans Repositioning
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BLVD Group Buys Rhode Island Apartment Community for $57M, Plans Repositioning
WOONSOCKET, R.I. — The BLVD Group, a multifamily investment firm with offices in Los Angeles and Dallas, has purchased Rock Ridge Apartments, a 152-unit multifamily complex in Woonsocket, located on the Massachusetts-Rhode Island border. The company plans to reposition the property to add 30 new affordable housing units, restricting all residences to renters earning up to 50 or 60 percent of the area median income. The acquisition and renovation…
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