Boston Realty Advisors has been retained as exclusive advisor by Chestnut Hill Realty for the sale of Beacon Fairbanks Manor, a 56-unit, 100-percent market-rate multifamily property in Brookline, Massachusetts. The announcement, detailed in a press release, positions the property as a durable in-place investment supported by its classic architecture, high ceilings, prominent corner presence and established market-rate tenancy.
The property’s location between Washington Square and Coolidge Corner places residents within walking distance of two of Brookline’s most established neighborhoods, both offering a variety of retail, dining and other amenities. That walkability is a key selling point in a submarket where demand for rental housing remains strong, and it underscores why the assignment matters: it tests investor appetite for well-located, market-rate multifamily product in one of Greater Boston’s most affluent and supply-constrained communities.
For Chestnut Hill Realty, the sale represents an opportunity to capitalize on a stabilized asset while retaining its focus on a broader portfolio of 32 apartment properties totaling approximately 5,000 units across Greater Boston and Providence. The company, founded in 1969 and headquartered in Chestnut Hill, Massachusetts, is a leading owner and manager of multifamily communities in New England. More information about its portfolio is available at www.chr-apartments.com.
Boston Realty Advisors, founded in 2001, is a Boston-based, privately held, locally operated real estate firm that is a leader in the middle markets, focused on investment sales, corporate real estate and retail. The firm’s selection as exclusive advisor signals confidence in its ability to price and market a boutique multifamily asset in a competitive landscape. Additional details about the firm can be found at www.bradvisors.com.
The full announcement, including downloadable images, bios and more, is available through click here. The offering’s implications extend beyond a single transaction: it provides a benchmark for pricing 56-unit, market-rate properties in Brookline, a market where limited new supply and proximity to Boston’s employment centers continue to attract institutional and private capital. A successful sale could reinforce confidence among owners considering exits and among lenders underwriting similar assets.
For investors, Beacon Fairbanks Manor’s corner presence and classic architecture offer a differentiated product in a submarket dominated by larger, newer developments. The property’s established tenancy reduces lease-up risk, while its market-rate status allows for potential rent growth in a supply-constrained area. As Greater Boston’s multifamily sector remains a focal point for capital, the marketing of this asset will be watched as an indicator of demand for middle-market deals in prime suburban locations.
