New England Realty Associates LP, through The Hamilton Company, has announced the acquisition of the Hill Estates property in Belmont, MA for $175 million. This transaction, which closed on June 18, involves a 396-unit residential community along with two nearby office properties. The Hill Estates, located in Belmont's easternmost neighborhood, was purchased from the DiGiovanni Family. The Hamilton Company plans to operate on-site management and provide a range of online tenant services. While the residential units will undergo significant renovations, the office properties are slated for sale, as they do not align with the company's core business model. This acquisition expands The Hamilton Company's portfolio to nearly 6,000 residential units in Greater Boston.
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