May 22, 2019

Waltham investment firm acquires Jefferson Hills Apartments in Framingham for $227M

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The Jefferson Hills Apartments in Framingham have been sold for $227 million.

The Jefferson Hills Apartments in Framingham have been sold to a developer and real estate investment firm for $227 million.

DSF Group, based in Waltham, closed on the property Tuesday, according to records with the Middlesex County Registry of Deeds. The firm could not immediately be reached for comment on its plans for the property.

The sale of the 1,020-unit complex, built in 1966, comes less than four years after the 37-acre property was sold to a Chicago-based real estate firm for $202 million.

The properties have appreciated in value significantly over the last few years, according to Framingham's Commercial Assessor Christopher Keefe.

The total assessed value of the properties this year is $131 million. Last year, that value was below $100 million, Keefe said.

According to DSF Group's website, the firm acquires, manages, renovates and develops property primarily in the Northeast. The firm also operates an office in Washington, D.C. suburb in Virginia.

The firm boasts an impressive portfolio of luxury residential buildings on its website, including renovation projects in Danvers, Tewksbury, Malden and New York City.


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