Premier Capital Partners Buys 58-Unit Bay Village Portfolio
August 02, 2018 / BOSTON REAL ESTATE TIMES
Colliers International’s Multi-Family Investment Sales team recently announced the sale of 143 Arlington Street and 1, 3, and 5 Cortes Street in the centrally located Bay Village neighborhood of Boston on behalf of Coppola Management. The portfolio sold for $12.82 million to Brookline-based investor, Premier Capital Partners. The portfolio, marketed as Arlington & Cortes, offers full Lodging Licenses across all four properties. Lodging Licenses are highly sought-after designations in the City of Boston that allow investors/owners to operate short-term rentals in the properties. The Lodging License designation permits 84 occupants across the 58 units and the portfolio is consistently 100% occupied.