Equity Unveils $31M Maine Apartment Sale

YARMOUTH, ME-Equity Residential has sold two multifamily properties in this Portland suburb. Totaling 363 units, Junipers at Yarmouth and Yarmouth Woods were acquired by affiliates of Taymil Partners, a Framingham, MA-based firm focused on apartment investments.

The larger of the properties, Juniper at Yarmouth has 225 units that include studios, one-bedroom and two-bedroom apartments featuring fully applianced kitchens, fireplaces, washer/dryers, balconies and private patios. Located along Route One, the development was constructed in three phases: Junipers East, Junipers Ledges and Bayview. There are 14 buildings in total, including a clubhouse, while other amenities range from a basketball court and fitness center to community barbecue area and swimming pool.

Also on Route One, Yarmouth Woods has 138 units in a mix of one-bedroom apartments and two-bedroom townhomes. The complex has 19 buildings that are two-story, wood-frame and concrete construction adorned by clapboard exteriors and asphalt shingle roofs. The property offers laundry facilities, a playground and 24-hour maintenance.