Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-Smith Realty began acquiring properties in Boston in 1996 with 188 units at 2000 Commonwealth Ave. here and 281 units at Cronin’s Landing in Waltham. “We tie the FFO number to the strength of the markets that we’re in and Boston is one of those markets,” says Susan Goyette, communications director for the Arlington, VA-based company. “We are only in four markets because of the strength of each of those markets.”

While acquisitions was the most strategic way for Smith Realty to enter this market, Goyette tells Globest.com that the firm is still interested in developments here. “Our properties in Boston are performing well,” she says. “We are looking at markets where urban living is a growing trend. Boston is one of those markets.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.