Gatehouse 75

In May 2012, ELV entered into a joint venture with a local developer to develop Gatehouse 75 – a five-story, rental apartment building in Boston, Massachusetts comprised of 99 apartments and attendant garage parking and amenities.

Located a short walk to Charlestown's vibrant retail and dining amenities and the employment center of Boston's financial district, construction of the project was completed in August 2013, the occupancy was stabilized by August 2014, and the project was sold in early 2015. A 40% IRR was realized on the investment.