Heads-up to owners (and brokers) of Back Bay and South End apartment buildings

I smell opportunity.

Apparently, a Scottish-owned company has bought several Back Bay apartment buildings, planning to turn them into short-term rental properties.

Heritor’s paid $3.2 million for 273 Beacon St., a five-story, 8,000-sf building that was broken up into seven units, with a mix of studios and one-bedroom units, headlined by a 2,500-sf, three-bedroom unit. The company paid $3.5 million for 319 Beacon St., located a few blocks west from 273 Beacon St. between Clarendon and Exeter streets.

Whether or not they are looking for more opportunities is unknown, but my guess is yes.

So, if you’re an owner and looking for a buyer … let me know.

Scots Make $6M Foray Into Back Bay – By Joe Clements, GlobeSt.com

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Updated:  1st Q 2018