Overview

Appleton Square was acquired in 2019 via 1031 exchange. Appleton Square is a Class B asset containing 140 units and located in Methuen, MA. Arrowpoint was able to implement it's value-add plan and significantly increase the asset value, including a complete "green" energy program which reduced utility costs. Arrowpoint was able to complete a recapitalization in 2022, fully redeeming the 50+ investors in the deal. Arrowpoint brought in a single institutional partner and retained an equity stake while remaining the operator/manager of the asset.