Investment Highlights

• Amenity Rich Location

  Lumiere’s residents benefit from immediate access to Meadow Glen, the directly adjacent retail destination anchored by a 120,000-square-foot Wegmans, as well as Dick’s Sporting Goods, Kohl’s, Marshalls, and Petco. The property is also convenient to Station Landing, Assembly Row, Encore Boston Harbor, and Back Bay, offering a wide array of retail, dining, lifestyle, and entertainment options.

• Transit-Oriented Location

  The property offers convenient access to the Wellington MBTA Orange Line Station, located less than a mile away, as well as I-93, I-95, Route 16, and Boston Logan International Airport, providing residents with seamless local, regional, national, and international connectivity.

• Affluent, Educated Renter Base Anchors Durable Demand

  The property attracts a highly educated, affluent young professional renter base, with average household income of approximately $200K, median household income of $133K, and a median renter age of 34, positioning the property to capture durable demand from a key renter demographic.

• Luxury Living in a Premier Riverfront Setting

  Lumiere is a 2014-built Class A community offering a rare combination of institutional-quality amenities, waterfront positioning along the Mystic River, and sweeping Boston skyline views.

• Renter Value Proposition

  Lumiere offers luxury apartment living at a discount to much of the Medford Class A competitive set and nearby urban core alternatives such as Assembly Row and Kendall Square, where rents are approximately 17% to 25% higher, and remains an attractive alternative to increasingly unaffordable homeownership in the area.

• Discount to Replacement Cost

  At current guidance, Lumiere offers investors the opportunity to acquire a high-quality Class A asset at an estimated 20% discount to replacement cost.