Luxury Apartment Community in Worcester Sold for $157 Million

October 21, 2025 - 22:31

WORCESTER, MA – Alta on the Row, a newly constructed luxury apartment complex featuring 370 units, has been acquired for $157 million by an entity associated with Morgan Stanley’s Eaton Vance. This significant transaction marks a notable investment in Worcester's real estate market, reflecting the growing demand for high-quality rental properties in the area.

The apartment community, which boasts modern amenities and upscale living spaces, is strategically located to attract a diverse range of residents, including young professionals and families. With its contemporary design and convenient access to local attractions, Alta on the Row is poised to become a desirable destination for renters in the region.

This sale highlights the ongoing trend of institutional investment in multifamily housing, as investors seek to capitalize on the robust rental market. As cities like Worcester continue to develop and expand, properties like Alta on the Row are likely to play a crucial role in meeting the housing needs of a growing population.