Invesco Scoops Up Revere Apartment Complex from Greystar for $104.35M
June 03, 2022
Invesco has purchased an apartment complex in Revere for $104.35 million. The Ryder apartment complex is at 20-50 and 21 Revere Beach Boulevard. It opened in 2020. The 200-unit property promotes amenities such as a shimmering pool, co-working spaces and-on-site restaurant, and 242 parking spaces. The location is less than a mile from the Beachmont MBTA Blue Line Station.
The buy was through Revere Ocean Apartments Owner LLC, according to the Suffolk County Registry of Deeds. The seller, Redgate, purchased the property in 2018 for $80,000,000.