Taymil Partners and Novaya Residential Acquire Three Multifamily Apartment Buildings in Downtown Beverly, Massachusetts

BOSTON – Taymil Partners and Novaya Residential announce the acquisition of three multifamily apartment complexes in Beverly, Massachusetts. The three properties are located at 375 Rantoul Street, 79 Rantoul Street and 50 Broadway. Collectively, the portfolio is comprised of 128 units totaling approximately 93,059 square feet, with 113 parking spaces and one street level retail storefront. The transaction was brokered by Chris Phaneuf and Adam Dunn at JLL.

Taymil Partners Founder & CEO, Steve Astrove said, ”We are thrilled to team up again with Novaya and to expand our multifamily presence North of Boston to Beverly.”

Novaya Residential Principal, Karl Trieschman commented, “We are extremely excited to partner with Steve and his team on this acquisition. With excellent access to Boston via the commuter rail and an abundance of amenities, downtown Beverly continues to transform into one of the most dynamic markets on the North Shore.”