EXECUTIVE SUMMARY
Berkadia is pleased to present the opportunity to acquire Hanover at The Pinehills, a newly constructed, Class A multifamily property located in the desirable master-planned community of The Pinehills in Plymouth, MA.
Completed in 2024 by the award-winning Hanover Company, one of the region’s premier developers, this 260-unit, 100% market-rate property boasts spacious layouts with premium finishes catering to affluent professionals seeking quality, comfort and value. On-site amenities include a resort-style pool with an aqua lounge, social courtyards, a state-of-the-art fitness center, an expansive dog park and pet spa, EV charging stations, and detached garage parking.
The property benefits from its location within The Pinehills, an affluent and active lifestyle community offering top restaurants, boutique shops, a gourmet market, luxury spa, championship golf, and extensive wellness and recreational options.
With no new apartment development within The Pinehills, and few proposed in the broader Plymouth area, investors in Hanover at The Pinehills will capitalize on long-term rent growth and superior income stability offering the rare opportunity to own the premier luxury multifamily address in a true supply-constrained market. Property tours are now being scheduled, and Call for Offers is planned on August 15th.
62 Station Drive | Plymouth, MA 02360
UNITS: 260 | YEAR BUILT: 2024
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INVESTMENT SALES
MORTGAGE BANKING
Boston Office
125 High Street, Suite 1712 | Boston, MA 02110
Chris Phaneuf
617.648.4191
chris.phaneuf@berkadia.com
MA Principal Broker Lic #9032841
Jackie Meagher
781.990.0159
jackie.meagher@berkadia.com
Sean Daly
781.990.1748
sean.daly@berkadia.com
Adam Dunn
617.648.4192
adam.dunn@berkadia.com
MA RE Broker Lic #9553106
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.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
62 Station Drive | Plymouth, MA 02360
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Investment Highlights
Designed and constructed to the standards of the region’s most established luxury apartment developer, Hanover at The Pinehills offers best-in-class finishes—including chef-appointed kitchens, spa-inspired baths, and private outdoor spaces—paired with a full suite of resort-style amenities such as a pool, fitness center, social courtyards with outdoor grills, pet spa, cinema with theatre seating, and EV charging.
Hotel-Inspired Amenity Packages and Finishes
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HANOVER AT THE PINEHILLS
UNITS
260
Market Rate
100%
Year Built
2024
Increase in Lease Trade Outs
10%
OCCUPIED
94%
Located within the exclusive Pinehills community, residents enjoy walkable access to restaurants, cafes, the Village Green’s market and wine shop, world-class spa and wellness, championship golf courses, tennis, swimming, and more than 10 miles of nature trails. This lifestyle offering sets Hanover at The Pinehills apart and drives strong resident demand.
Exclusive Access to The Pinehills Lifestyle
Average household incomes of the residents of Hanover at The Pinehills are $200,000, indicative of an affluent renter-by-choice demographic. With current rents only 18% of resident income, there is significant capacity for ongoing rent growth while maintaining affordability and stability.
Affluent and Stable Resident Demographics
Presently 94% occupied, Hanover at The Pinehills has enjoyed an exceptional lease up since being delivered in late 2023. Continuing this positive trend, lease trade-outs have averaged 10% life-to-date.
Outstanding Lease-Up Performance and Trade-Outs
Hanover at The Pinehills offers the unique feature of being 100% market rate with no affordable housing requirements, ensuring owners can fully capitalize on future rent growth and income potential.
100% Market-Rate
With no additional apartment development in The Pinehills and severely limited in greater Plymouth, new supply will be limited, which supports durable rent growth and outsized investment performance.
Supply-Constrained Micro-Location
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Adam Marzilli
617.648.4181 adam.marzilli@berkadia.com MA Salesperson Lic #9586683
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Average HHI
$200k
