For Immediate Release – Wickatunk, NJ, Nov. 1st, 2022
Albemarle Gardens, a Class B garden-style apartment complex with 112 units located in Newton, Mass. Newton is located 7 miles from the Boston city center and adjacent to the cities of Cambridge, Waltham and Watertown. These submarkets make up the number one life science cluster in the United States.
- Newton, MA – One of the Most Sought-After Suburbs in all of the Northeast: Newton, MA, is a top suburb of Boston and is one of the most desirable places to live in the Northeast. Newton was ranked the 12th “Best Place to Live” in the United States by Money Magazine in 2018 and is also among the top 1% of “Best Places to Live” and “Places with the Best Public Schools in America” per Niche.com. With an average home value of $1.5 million (Zillow), and rising mortgage rates continuing to make home ownership less attainable, there is an immense demand for rental housing in Newton.
- Attractive Suburban Location with Premier Access to the Cambridge/Watertown Life Science Lab Clusters: Newton is located 7 miles from the Boston city center and adjacent to the cities of Cambridge, Waltham and Watertown. These submarkets make up the number one life science cluster in the United States, with a supply of over 22.5 million SF occupied by prominent life science tenants. The Property is located within walking distance of Watertown life science developments and less than 20 minutes from Cambridge and Waltham life science properties. This proximity positions the entire Newton area to see continued growth in resident demand across all demographics. This Property provides an attractive balance of a quiet suburban setting, quick access to neighborhood amenities such as retail and dining options, and convenient multi-modal transportation options into the city and around the Boston area. Located just a 1⁄2 mile from the Newtonville MBTA (Massachusetts Bay Transportation Authority) Commuter Rail Station and minutes from the Route 128/I-90 Interchange, the Property offers residents rapid access to major employment centers throughout the inner 128 and Downtown Boston market, home to companies such as Oracle, Raytheon, National Grid, Amazon, Liberty Mutual, and Moderna.
- Seasoned Repeat Sponsor Headquartered Just a Few Minutes from the Project: Rhino Capital Advisors is a repeat Sponsor on the Crowdstreet Platform. Founded in 2013, Rhino Capital Advisors and has capitalized more than $550 million and 40+ properties since it was founded in 2013. Based just a few minutes away from this property in downtown Boston, Rhino is intimately familiar with the location and will be able to very closely manage the renovations and value-add strategy over the targeted hold period.
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Amalfi Capital is a real estate equity firm founded in 2015 that is an investor in over 5 million square feet of property throughout the United States. Amalfi focuses on expanding its portfolio by partnering with highly experienced sponsors who are experts in their respective markets by investing in commercial & industrial assets that we believe are well positioned for above market returns over the long run. www.Amalficapital.biz – amalficapitalinfo@gmail.com