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Peabody Properties announces continued expansion of its managed portfolio, adding nearly 500 apartment homes this spring

Established property management firm adds new properties to portfolio

BRAINTREE, Mass. - May 15, 2017 - EntSun -- Peabody Properties, Inc. continues to expand its portfolio of communities under its management, having added close to 500 units this spring. Taking a strategic and thoughtful approach, Peabody Properties is looking to add value with the company's future growth strategies.

During the month of April alone, Peabody Properties assumed management of Hewitts Landing in Hingham, an upscale residential condominium community offering two and three-story townhomes including HMS Whitaker, USS Buckley, HMS Stayner and HMS Halsted. This community of 150 condominium homes sits on 28 acres of land in the adjacent waterfront Hingham Shipyard and is near shopping, a 500-slip marina, and proximity to the MBTA commuter boat.

The Lorenzo Pitts, Inc. communities include a total of 219 apartment homes throughout the areas of Dorchester and Roxbury in five separate buildings: Lawrenceville Apartments, Crawford House Apartments, Gardner Apartments, Infill I & II, and Thane Street Apartments. These are one to six bedroom apartment homes which enjoy easy access to major bus and train routes, with shopping, restaurants, recreational choices, medical facilities and major highway routes all nearby.

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And, rounding out the month of April, Peabody Properties has been chosen to manage the Peter Sanborn Place, a community of 74 apartment homes for seniors in Reading, Massachusetts.

Melissa Fish-Crane, Principal and Chief Operating Officer at Peabody Properties, said, "Peabody Properties is excited to welcome these new and vibrant communities to our managed portfolio. We appreciate these new partnerships and the opportunity to deliver on our promise of adding value to our clients' investments while enhancing the quality of life for the residents who call their communities home. We look forward to a successful collaboration, demonstrating our commitment to a platinum standard of excellence in all that we do."

About Peabody Properties, Inc.

Peabody Properties is a full-service real-estate firm which manages more than 11,000 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 50 on the 2016 National Affordable Housing Management Association (NAHMA) Affordable 100 List. Peabody Properties maintains headquarters at 536 Granite Street, Braintree, MA 02184. The firm also has offices in New Jersey and Florida. For additional information, please visit http://www.peabodyproperties.com.

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Jim Farrell

Source: Peabody Properties

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