Boston Realty Advisors has been selected as the exclusive advisor for the sale of Beacon Fairbanks Manor, a 56-unit, 100-percent market-rate multifamily property in Brookline, Massachusetts, the firm announced. The assignment comes from Chestnut Hill Realty, a leading New England multifamily owner and manager.
The property’s classic architecture, high ceilings, prominent corner presence and established market-rate tenancy are expected to support a durable in-place investment, according to the announcement. Beacon Fairbanks Manor sits between Washington Square and Coolidge Corner, placing residents within walking distance of two of Brookline’s most established neighborhoods, both offering a variety of retail, dining and other amenities.
The listing is significant because it tests demand for well-located, market-rate rental housing in one of Greater Boston’s most supply-constrained submarkets. Brookline’s restrictive zoning and limited developable land have historically kept new apartment construction low, which tends to support stable occupancy and rent growth for existing properties. For investors, the offering provides a rare opportunity to acquire a scale asset in a premier inner-suburban location with immediate access to Boston’s employment centers and public transit.
For Chestnut Hill Realty, the sale would represent a continued rotation of its portfolio. Founded in 1969 and headquartered in Chestnut Hill, Massachusetts, the company owns and manages 32 apartment properties totaling approximately 5,000 units across Greater Boston and Providence. Additional information about the firm is available at www.chr-apartments.com.
Boston Realty Advisors, founded in 2001, is a privately held, locally operated real estate firm based in Boston. The company is a leader in the middle markets, focusing on investment sales, corporate real estate and retail. More details about the firm can be found at www.bradvisors.com.
The transaction also highlights the role of specialized brokerage firms in matching institutional and private capital with middle-market multifamily assets. As interest rates and financing conditions remain volatile, well-capitalized buyers have continued to pursue properties in high-barrier-to-entry locations like Brookline, where long-term fundamentals are viewed as resilient.
The full announcement, including downloadable images and biographies, is available through click here. The listing is being distributed by Reportable, Inc., which provides news distribution services for real estate firms.
If the sale achieves a strong price, it could serve as a benchmark for other Brookline multifamily owners considering exits, and it may encourage additional listings in a market where transaction volume has been muted. The outcome will be closely watched by local landlords, developers and investors seeking insight into current pricing for market-rate apartment buildings in Boston’s close-in suburbs.
