“This sale continues our strategy of selectively disposing of certain properties to generate proceeds to fund value-add and opportunistic acquisitions in the future.”

“This is an incredible asset in a superb location,” says Jeff Turkanis, VP at Oxford Properties Group. “As our first residential acquisition in Boston, this deal speaks to our commitment to significantly grow our residential portfolio globally, which currently stands at over 10,000 units.”

ScanlanKemperBard has plans to further elevate the stature and improve the bustling Original Rainier Brewery property, while maintaining its historic integrity.

Valuation veteran Jim Klementisz joins BBG as a director in the Philadelphia office.