Scully Company has acquired The Bixby, a 128-unit multifamily asset located in Haverhill, Mass., within the fast-growing Northern Essex submarket.
The Bixby marks Scully Company's second community in New England and is consistent with the focused portfolio expansion in the region.
Scully acquired the market rate property from Blackfin Real Estate Investors with the disposition and financing coordinated by Berkadia. The Pennsylvania-based firm intends to modernize select unit interiors, enhance common areas and provide a best-in-class living experience for residents.
“The excellent location and ability to offer residents a well-amenitized living experience on the idyllic Merrimack River made for an attractive investment profile. We look forward to being good stewards of the community and furthering our portfolio in New England," said John Schonborn, managing director of investments for Scully Company.
The Bixby offers pet-friendly and modern studio, one-
