EDISON, NJ-Continuing its focused push into the multi-family arena, Mack-Cali Realty Corp. has acquired two large apartment buildings in the Boston metropolitan area.

The Edison-based REIT has completed purchase of Alterra at Overlook Ridge IA in Boston for $61.3 million and has contracted to purchase Alterra at Overlook Ridge IB for $88.7 million. The closing on the second property is slated for early April when the current loan on the property opens for prepayment.

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