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South of Boston, Apartments Test Value of Rent Subsidies in a Pandemic

Blackstone Looks to Sell 503-Unit Complex in Commuter Town of Randolph
Suburban Boston apartment complex Rosemont Square, completed in 1982, has been undergoing unit upgrades. (CoStar)
Suburban Boston apartment complex Rosemont Square, completed in 1982, has been undergoing unit upgrades. (CoStar)
By John Doherty
CoStar News
July 29, 2020 | 6:52 P.M.

New York City private equity giant Blackstone Group is selling a suburban Boston apartment property with a lot of potential renovation upside. It also tests the value in a pandemic of having a big block of tenants receiving government aid to help pay the rent.

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