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Boston-Area Investor Buys Residences at Riverwalk for $33 Million

SMC Management Corp. Sells Manchester, New Hampshire, Apartment Complex
The 150-unit Residences at Riverwalk in Manchester, New Hampshire, was completed in 2016. (CoStar)
The 150-unit Residences at Riverwalk in Manchester, New Hampshire, was completed in 2016. (CoStar)
By Temitope O. Berry
CoStar Research
December 18, 2019 | 5:23 P.M.

Cambridge, Massachusetts-based Forest Properties has purchased the 150-unit Residences at Riverwalk in Manchester, New Hampshire, from SMC Management Corp. for $33 million, or $220,000 per unit.

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News | Boston-Area Investor Buys Residences at Riverwalk for $33 Million