Major Sale of 240-Unit Apartment Community in North Providence, RI

September 9, 2025 - 10:23

Boston – A notable transaction has taken place with the sale of the Residences at Brentwood, a 240-unit apartment community located in North Providence, Rhode Island, for a substantial sum of $52.5 million. This sale highlights the ongoing demand for multifamily housing in the region, reflecting the growing interest from investors in urban residential properties.

The Residences at Brentwood is designed to meet the needs of modern renters, featuring a range of amenities that enhance the living experience. The community's strategic location offers residents convenient access to local services, recreational facilities, and transportation options, making it an attractive choice for families and professionals alike.

This transaction underscores the robust performance of the multifamily sector in Rhode Island, as investors continue to seek opportunities in well-positioned residential assets. The successful sale of the Residences at Brentwood is expected to contribute positively to the local real estate market, further stimulating economic growth in the area.