Kyle Tran
Real Estate Development & Data Analysis Portfolio
USC B.S. Real Estate Development | Minor Applied Analytics
Boston East Multifamily Acquisition
200-Unit Luxury Waterfront Community Investment Analysis | East Boston, MA
Executive Summary
Boston East represents a compelling luxury multifamily investment opportunity in one of Boston's fastest-growing submarkets. This 200-unit waterfront community, built in 2018, offers institutional-quality amenities with significant rent growth potential. Currently operating at 95.5% occupancy with rents 16% below market comparables, the property provides an attractive value-add opportunity in a high-barrier-to-entry market with strong demographic tailwinds and favorable supply-demand dynamics.
200
Luxury Units
↑ Premium Property
95.5%
Occupancy Rate
↑ Strong Performance
16%
Below Market Rents
↑ Upside Potential
7.15
Acres on Harbor
↑ Waterfront Location
Property Overview
Market Analysis
Boston Market Overview
| Metric | Current Value | Comparison | Trend |
|---|---|---|---|
| Asking Rent Growth | 2.1% | National Average | ↑ Positive |
| Vacancy Rate | 4.9% | vs. 7.9% National | ↓ Tight Market |
| Job Growth (12 Mo) | 1.1% | 32,000 New Jobs | ↑ Strong |
| Units Delivered (12 Mo) | 7,390 | 8,481 Total Units | → Moderate Supply |
| East Boston Occupancy | 95.5% | Above Market | ↑ Strong Demand |
| East Boston Vacancy | 9.1% | vs. 4.3% Historical | → Temporary Elevated |
| Household Income ($200K+) | 28% → 32% | 5-Year Growth | ↑ Strong Demographics |
| Population Growth (2024-29) | 6% | East Boston Submarket | ↑ Growing Market |
| Rental Share | 72.4% | East Boston | ↑ Renter Dominated |
| Median HH Income Growth | 13% | To $190,464 by 2029 | ↑ Strong Increase |
Investment Highlights
Location Advantage
Waterfront • High Barrier Market
Strong Operations
95.5% Occupancy • 10% Growth
Supply Constraints
Limited New Development
Demand Drivers
High-Income Growth • 6% Pop Growth
ESG Commitment
LEED Certified • 13% Affordable
Value-Add Upside
16% Below Market Rents
Investment Team
American Realty Advisors Case Competition
Kyle Tran
USC '25 | RED & Analytics
Sophia Lee
USC '25 | RED & Finance
Jayanti Gupta
Yale '26 | Stats & Global Affairs
Jay Morales
Yale '27 | Mathematics
Thai-Son Ma
UCLA '27 | Psychology
Karen Hernandez
UC Riverside '25 | Finance
Rachel Barrientos
BU '27 | Architectural Studies
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