Pembroke, a global real estate investment adviser that started in Boston 28 years ago, announced its purchase of Proto, a 218-unit apartment complex in Cambridge's Kendall Square, as it continues to seek out high-quality residential properties to diversify its portfolio of largely office and mixed-use properties. BXP, formerly Boston Properties, which developed Proto in 2018, sold the 95% occupied multifamily property for an undisclosed price.
Global real estate adviser adds Cambridge apartments to its Boston portfolio
Pembroke, an affiliate of Fidelity Investments, picks up 280-unit Pento for undisclosed price
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Proto
88 Ames St, Cambridge, MA
- Companies
- Pembroke Companies
Finance and Insurance
- BXP, Inc.
Real Estate
- Contacts
- Michael Byrne
Executive Managing Director, Newmark
- Robert Griffin
Co-Head of U.S. Capital Markets, Newmark
- Thomas Greeley
Senior Managing Director, Capital Markets, Newmark
- Devlin Man
Director, Newmark