JMC and Stars REI have recently acquired The Val, a 211-unit apartment complex located in Billerica, Massachusetts. This joint venture between JMC, a reputable real estate development and property management firm, and Stars REI, an international private company with extensive real estate holdings in the U.S. and U.K., marks another successful acquisition for both parties.
The Val offers modern one-, two-, and three-bedroom homes that were completed just this year. Residents can enjoy top-notch amenities such as a state-of-the-art fitness center spanning two floors, an inviting inner courtyard complete with a fire pit for social gatherings, as well as an outdoor swimming pool.
In this transaction facilitated by CBRE’s Simon Butler,Biria St John,Joh McLaughlin,and Brian Bowler representing the seller,the CBRE Multifamily Finance team led by John Kelly arranged financing on behalf of JMCandStars REI.The collaboration between these industry leaders has resulted in yet another promising investment opportunity within the thriving residential market of Billerica,Massachusetts.
