Helge Capital Acquires Two Apartments For $9M In 50 Unit Dorchester & Mattapan DealApril 25, 2018 - By The Real Reporter
Boston–Helge Capital, a Boston-based real estate firm specializing in the acquisition and management of multifamily properties throughout Greater Boston, has acquired two properties in Boston totaling 50 units. The properties, 760 Cummins Highway in Mattapan and 7 Esmond Street in Dorchester, represent an investment by Helge in the future of these growing neighborhoods. Helge Capital will upgrade the properties investing additional $1M, creating modernized, affordable rental housing just minutes from the MBTA Mattapan Red Line station and the soon-to-be-completed Blue Hill Avenue Commuter Rail Station.
“We are thrilled to add these two assets to our Boston portfolio,” said Oleg Uritsky, Chief Executive Officer of Helge Capital. “We have a track record of success in Boston with acquisitions such as these and this is the perfect time to invest in these neighborhoods. As Mattapan and Dorchester emerge, and with a new train station being built, the need for more affordable rental housing options will intensify. We are filling a need in this market for quality apartments at lower rents.”Oleg Uritsky