
Property Snapshot

300
Units

25%
Affordable

$3,084 ($3.47/SF)
In-Place Rent (Market Rate)

91%
Occupied

893 SF
Avg Unit Size

2024
Year Built

Executive Summary
Berkadia is pleased to present the opportunity to acquire Atwood, a first-class, recently stabilized apartment community located in Saugus, MA. Thoughtfully developed by Kennedy Wilson, formerly Toll Brothers Apartment Living, this 300-home property is located minutes from major employment centers in Boston and Cambridge, as well as the northern Route 128 commercial markets. Completed in the fall of 2024, Atwood has achieved an impressive lease-up, indicative of its best-in-class quality and location, which offers immediate access to shopping, dining, and entertainment amenities along the Route 1 corridor.

Investment Highlights
Best-in-Class Quality
Atwood is the North Shore’s most luxurious, well-appointed apartment community. From a dramatic hilltop location with sweeping views to an unmatched amenity package, the property offers a clearly superior product to others in the competitive market.
Exceptional Performance
Since initial unit deliveries in fall 2024, Atwood has demonstrated strong operating performance, with renewal leases achieving an average effective rent increase of 13.7% while maintaining an above-market 67% retention rate in 2026 year-to-date through June.
Affluent, Stable Tenancy
Atwood attracts a highly affluent and financially secure resident base, with an average household income of $191,849, a 5.4x income-to-rent ratio, and a median resident age of 34.
Atwood’s Value Proposition
Atwood offers residents a meaningful affordability advantage, with monthly rental savings ranging from $712 to $3,048 relative to Boston’s urban core, as well as approximately 32% savings compared with single-family ownership and 11% savings compared with condominium ownership in Saugus.
Excellent Supply / Demand Dynamics
With Saugus at its 40B threshold, surrounding municipalities at or near their respective thresholds, and no new supply anticipated for at least 36 months, Atwood is well-positioned to benefit from continued rent growth and occupancy strength.
Premier Route 1 Location
Atwood benefits from immediate access to the North Shore’s premier retail corridor, providing residents with convenient proximity to a wide array of shopping, dining, and entertainment amenities.

Contact
Investment Sales
Chris Phaneuf
Senior Managing Director
617.648.4191
[email protected]
MA Principal Broker Lic #9032841
Adam Dunn
Managing Director
617.648.4192
[email protected]
MA RE Broker Lic #9553106
Adam Marzilli
Senior Financial Analyst
617.648.4181
[email protected]
MA RE Salesperson Lic #9586683
Mortgage Banking
Jackie Meagher
Senior Director
781.990.0159
[email protected]
Sean Daly
Associate Director
781.990.1748
[email protected]
Office
Boston Office
125 High Street, Suite 1712
Boston, MA 02110

728 Broadway | Saugus, MA 01906
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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