Boston Suburb Apt Complex
28 Petronelli Way is a 4-story historic building containing approximately 23,000 square feet in downtown Brockton, a short walk to the commuter rail station. It is being developed into 18 Market Rate apartments by Concord Square Planning & Development, Inc.
This single asset QOZ Fund is a 54 unit market rate apartment building that also benefits from historic tax credits. This iconic building is part of the ongoing revitalization plan of downtown Brockton, MA which is 25 miles southeast of Boston. The project is ideally located next to train station with easy commute to Boston.
Expected MOIC of 4.3x
$9 million raise
Projected IRR 18%