Jones Street Investment Partners, a private equity real estate firm specializing in multifamily investments across the Northeast and Mid-Atlantic regions of the U.S., announced the successful disposition of three multifamily properties — located in Albany, N.Y., Hanover, Mass., and Norton, Mass. — through separate sale transactions totaling $159.5 million in gross proceeds. Each asset was acquired as a core-plus investment and benefited from strong regional demand drivers and targeted operational enhancements. Across the portfolio, the sales generated a 2.2-times gross equity multiple and a 14.4 percent gross internal rate of return on the original $35 million equity investment.
“We are delighted with the result of these transactions, which demonstrate the value we were able to create for our investors and residents over the hold period,” said Matt Frazier, CEO and founder at Jones Street Investment Partners. “This outcome further reinforces the strong conviction we
