News: Front Section
Posted: February 9, 2018
Peabody Properties begins leasing at Lincoln Park
Dartmouth, MA According to Peabody Properties, leasing is underway for immediate occupancy of its final phase plan for the former Lincoln Amusement Park site into a community of 126 apartment homes.
“In this particularly tough housing market, affordability has become a real issue, particularly for our senior population,” said John McKee, regional operations director for Peabody Properties. “This is an excellent opportunity, for residents 55+ to live in a community where they can enjoy carefree days with endless entertainment possibilities all around.”
Income limits apply for this affordable 55+ rental opportunity and there are openings for the two-bedroom apartments at 60% of AMI. Income limits for one person at 60% AMI is $26,460; for two people, $30,240.
Interest has been strong for this once-iconic Lincoln Amusement Park location, which enjoys many wonderful community amenities including fitness center, laundry care suite, community lounge retreat and the best of Dartmouth right outside your door. Landscaping around the property incorporates the area’s natural habitats with plenty of outdoor green space.
Located in close proximity to supermarkets, pharmacies, retail shopping, restaurants and the nearby Dartmouth seashore, residents can experience a sense of neighborhood and community.
Peabody Properties is a full-service real-estate firm which manages more than 12,000 units of housing, primarily in New England. The award-winning, privately held corporation and Accredited Management Organization (AMO) was incorporated in 1976 and is under the direction of Karen Fish-Will and Melissa Fish-Crane. In 1995, Peabody Properties recognized its long-term commitment to resident services as a unique area of expertise within the field of property management and established a new, specialty sector. Peabody Resident Services, Inc. is dedicated solely to the development of support services and programs for residents of affordable housing. Peabody Properties is designated as a Woman Business Enterprise (WBE), is certified by the Massachusetts State Office of Minority and Women Business Assistance (SOMWBA) and was recently ranked in the top 60 on the 2017 National Affordable Housing Management Association (NAHMA) Affordable 100 List, as well as a 2017 Top Place to Work by the Boston Globe and 2018 Glassdoor Best Place to Work.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Quick Hits
.png)
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
