Controversial Landlord Buys Brighton Apartment Portfolio For $36M
An Allston landlord that has been accused of neglecting properties across its portfolio has acquired a handful of Brighton apartment buildings.
An entity linked to Alpha Management, which has an office on Commonwealth Avenue, acquired several apartment buildings on Brighton Avenue, Chester Street, Warren Street and Camelot Court for $36M, according to public records.
Alpha Management didn't respond to Bisnow's request for comment.
The seller of the buildings was The Mount Vernon Co. The properties are at 61-77 Brighton Ave., 81, 83 and 87 Brighton Ave., 6 Camelot Court, 110 Warren St. and 66 Chester St. All of the apartment complexes are close to local universities, including Boston College and Boston University.
The deal comes after Alpha Management in August acquired a nearly completed 70-unit apartment complex in West Roxbury at an auction for $29.5M, the Boston Business Journal reported at the time.
That building, The Linden, sits at 180-198 Gardner St. off of the neighborhood's VFW Parkway. DivcoWest bought the site in 2022 for $7M and had begun developing the multifamily project.
In 2023, Alpha Management acquired two multifamily properties in Allston and Newton for $13.5M and $11.2M, respectively.
The company has marketed itself as one of the largest off-campus student housing providers, owning more than 140 properties and 2,000 units across Greater Boston, including in Allston, Brighton, Jamaica Plain, Medford and Newton.
Alpha Management was founded by Anwar Faisal.
Over the last decade, the management company has faced controversies for its often underinvested apartment buildings, leading it to be featured in a 2014 Boston Globe Spotlight investigation.
The property manager has allegedly dismissed issues from roach infestations and mold to overflowing dumpsters, being dubbed "Boston's most infamous landlord" by Boston magazine.
