55-Plus Easton Apartment Complex Finds Institutional Buyer

A CBRE team led by Simon Butler, Biria St. John, John McLaughlin and Brian Bowler closed the sale of Zen Easton, a 99-unit, 55-plus apartment community in Easton, MA. Although CBRE did not disclose the sale price, published reports put it at $33 million.
 
CBRE represented the seller, an affiliate of San Francisco-based FPA Multifamily, LLC. CBRE also procured the buyer, an unnamed institutional investor. 
 
Built in 2003, Zen Easton consists of a single three-story elevatored building within the larger Queset Commons, a 30-acre mixed use development that includes two restaurants: Giana Restaurant & Bar and the Stoneforge Grill. The property has a combination of classic, renovated studio, one- and two-bedroom units with an average size of 798 square feet. The property offers numerous amenities including a resident social lounge, dining hall and catering kitchen, cyber lounge, fitness center, library, two theater rooms, large storage lockers and ample outdoor space.

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