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Market View
August 26,2024
Blackrock completed acquisition of HGC's multifamily asset Alta Oxbow consisting 218 apartments in Wayland, Boston in August 2024, a project HGC in partnership with Wood Partners for the development. Alta Oxbow reached stabalization at occupancy rate of 95% in Q3 2023 and is forecasted to keep the occupancy rate at 95% throughout 2024 while the effective rent may have room to increase by 3-4% to reach US$ 3.43/sf by the end of the year.
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