Taurus Investment Holdings has sold the Strata, a 295-unit multifamily community, in Maldren, Mass., for $95.5 million. The new owner is The Green Cities Company (formally Gerding Edlen).
The community is spread over 8.4-acres. Amenities include an outdoor pool, expansive outdoor space including multiple barbeques, firepit, seating area, a contemporary community room, and fitness city. Taurus had also renovated 124 of the apartment homes during its ownership period.
Nick Clark, managing director at Taurus, said, “Strata aligned with the firm’s multifamily strategy to acquire highly functional but under-renovated assets in education-focused markets. Execution of the business plan was a team effort; acquisitions, asset management and property management.”
