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NORWOOD, MA-A Boston-based multifamily real estate investor has snagged one of New England's largest apartment communities, with Berkshire Realty Advisors reportedly paying $160 million for Windsor Gardens. The 57-acre complex is being harvested by General Investment & Development, another local firm that, like Berkshire, owns dozens of apartment properties nationally.

Berkshire president David Quade confirms to GlobeSt.com that his company has acquired the development, but declined further comment on the matter. The asset was marketed by Cushman & Wakefield of Massachusetts. Calls to the leaders of the firm's multifamily investment sales team, Simon Butler and Biria St. John, were not returned by press deadline.

The sale of Windsor Gardens caps an active year for multifamily transactions in New England, as detailed in the latest version of Debt & Equity Journal. The Norwood sale and another just completed in Quincy brings the multifamily properties brokered by C&W's group above the $1 billion mark for the year, possibly exceeding $1.2 billion. As indicated in DEJ, C&W negotiated another substantial apartment sale south of Boston, with Northland Investment Co. of Newton buying Highlands at Faxon Woods in Quincy for close to $35 million.