John Hancock Acquires The Residence at River’s Edge Adding 222 Rental Residential Units to Portfolio
John Hancock has acquired River’s Edge, a 222-unit, Class A, rental residential complex in the City of Medford, located four miles northwest of Boston.
River’s Edge sits on 3.69 acres and was constructed in 2009 with top-of-the-market architectural finishes and leading tenant amenity space such as a pool, fitness center, theatre and billiards room. It is located within a master planned development encompassing 30 acres that includes luxury housing, an office building and a 10-acre park.
“We are strategically growing our residential rental portfolio in major cities across North America,” said Michael McNamara, Senior Managing Director and Global Head of Real Estate Investments, John Hancock. “River’s Edge is a fantastic addition to our existing U.S. portfolio of residential assets in Boston, New Jersey, Washington, Atlanta, Chicago, and San Diego.”