Simon J. Butler, vice president/partner and Biria St. John, vice president of the CB Richard Ellis/Northeast Multi-Housing Team represented Watertown Apartments. CBRE also procured the buyer, while Carl A. Valeri, president and COO of the firm, negotiated the sale on behalf of Hamilton. Since 2000, the CB Richard Ellis/Northeast Multi-Housing Team has completed multifamily sales in excess of $695 million, totaling over 8,000 units throughout the Northeast.

The residential community contains a mix of studios, one-bedroom and two-bedroom units with an average unit size of 842 sf. Rents range from $1,150 for a studio to $1,625 for a two bedroom. The community features a leasing center, fitness center, outdoor swimming pool, central laundry rooms, garage and surface parking. The property is located close to the Watertown Square area approximately six miles west of Downtown Boston, near the Massachusetts Turnpike.

Boston-headquartered AEW Capital Management is one of the world's largest investors of real estate capital and managers of real estate portfolios. The company and its affiliates currently manage approximately $14 billion of capital, which is invested in $20 billion of real estate and securities in the US, Canada and Europe. Hamilton is a privately owned real estate management and development company located in Allston. The firm owns and manages more than 4,000 units and nearly three-million sf of commercial property in and throughout greater Boston.