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Barings Buys Cambridge Apartment Complex for $103 Million

Urban Spaces Sells 'Flats on First' After Completing Construction on 136-Unit Apartment and Retail Complex
CBRE arranged the $103 million sale of Flats on First, a 136-unit rental apartment  and retail development in the First Street Corridor of Cambridge, Massachusetts. (CBRE)
CBRE arranged the $103 million sale of Flats on First, a 136-unit rental apartment and retail development in the First Street Corridor of Cambridge, Massachusetts. (CBRE)
By Jackson Southworth
CoStar Research
May 12, 2022 | 8:46 P.M.

An affiliate of Barings, an international investment management firm owned by MassMutual, paid $103 million for a new 136-unit rental apartment and retail complex that includes 15,800 square feet of street-level retail space and a two-level underground parking garage located in Boston's busy Cambridge neighborhood.

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