L&G has acquired Lynnfield Commons in Lynnfield, Mass., through its dedicated U.S. investment arm. The transaction was completed in partnership with Taurus Investment Holdings.
Built in 2009, Lynnfield Commons is situated in the affluent North Shore submarket of Boston and offers spacious one- and two-bedroom units with modern amenities, including a clubhouse, fitness center, pool and walking trails. The property benefits from proximity to top-rated public schools, the offices of major employers such as Raytheon and Oracle, and regional transportation corridors including Routes 1 and 128. With 25 percent of units designated as affordable housing, the community also supports long-term housing stability in the region.
Lynnfield Commons represents L&G’s further collaboration with Taurus, who will oversee the execution of the asset management business plan. Taurus will also work alongside John M. Corcoran & Co. as property manager as well as EcoSmart Solution
