A multifamily asset in Fenway has traded hands in a multimillion-dollar deal.
An entity linked to investment firm Egeria Group acquired a 93-unit apartment portfolio at 11-19 Peterborough St. and 19 Queensberry St. for $37.5M, according to public records. The seller in the deal was The Davis Cos.
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“These are iconic, generational properties in one of the highest barrier-to-entry markets in Boston,” Benzinger said in a statement. “Assets of this scale rarely trade in the Fenway, and this sale reflects the enduring strength of investor demand for well-located multifamily real estate in Boston’s core urban neighborhoods.”
The two four-story buildings' amenities include a laundry room, private patios, storage space, bike storage and package lockers.
The Davis Cos. has sold a couple of other Fenway apartment communities over the last decade.
In 2024, the company sold an apartment complex at 100 Hemenway to Wingate for $36M. The property includes 50 units primarily rented to students and young professionals.
In June, Davis, in partnership with the Copley Group, sold a 55-unit apartment complex at 77-81 Park Drive to Plumbrook Capital Partners for $27M. The joint venture acquired The Park Gallery apartments in 2020 for $28.5M.
The Fenway neighborhood has been an attractive submarket for investment due to its low vacancy and the limited supply coming online.
As of the second quarter, the submarket recorded a 3.7% vacancy rate and has roughly 432 units under construction, according to Colliers.
Samuels & Associates acquired a development site at 60-80 Kilmarnock St. in January 2025 for $9M from Cabot, Cabot & Forbes and CIM Group. The developer won approval from Boston Planning for the 432-unit project a month later.
Davis has made 67 residential investments across 16 states comprising more than 15,000 units, according to its website. Notable Massachusetts properties include the 270-unit The Reserve at Burlington and the 253-unit 1515 Commonwealth Ave.
Egeria has been boosting its real estate presence in Boston in recent years, acquiring the 65-room The Whitney Hotel from Related Fund Management in 2023 for $57M. The firm also proposed a 12-unit apartment building in 2025 at 155 Charles St.
