A communication transmitted from Louis A. DePasquale, City Manager, relative to Awaiting Report Item Number 18-15, regarding a report on who is purchasing buildings in Cambridge

C I T Y O F C A M B R I D G E City Hall, 795 Massachusetts Ave., Cambridge, MA 02139 Tel.: [phone removed] Fax: [phone removed] A s s e s s i n g D e p a r t m e n t Andrew J o h nso n Assess or Wal ter Pe n nel l Com m erci al Ass essor M E M O R A N D U M TO: Louis DePasquale, City Manager FROM: Andrew Johnson, Assessor SUBJECT: Policy Order- POR 2018 #25 of February 5, 2018 Who is Purchasing Buildings in Cambridge DATE: June 4, 2019 In response to the above-referenced Policy Order, the Assessing Office has compiled the following information with respect to the largest purchases of real estate in Cambridge in 2018 and the first four months of 2019. • The table below shows those purchases in descending order of sales price. Map Lot Parcel Location Deeded Owner Sale Date Sale Price Parent Company 121-94 1030 MASSACHUSETTS AVE CAMBRIDGE 1030 MASS AVE, LLC, 4/12/2019 $ 128 Million Bain Capital 267.4- 176 165 CAMBRIDGEPARK DR CAMBRIDGE GF DEAL LP, 3/23/2018 $ 127.5 Million Sherman & Sterling LLP 9-61 25-27 LAND BLVD CAMBRIDGE, LLC 2/1/2018 $ 81.75 Million Junson Capital Multiple Lots Mooney St & Smith Pl CCF ASVF 8/1/2018 $ 77.8 Million Cabot, Cabot & Forbes 267F- 301 591 CONCORD AVE 10 FAWCETT INVESTORS, LLC 9/12/2018 $ 59.65 Million Invesco

Map Lot Parcel Location Deeded Owner Sale Date Sale Price Parent Company 14-46 585 THIRD ST BMR-THIRD LLC 8/29/2018 $ 50.5 Million Biomed 267.4- 307 10 WILSON RD QUAD 10 WILSON ROAD, LLC 4/19/2018 $ 27.32 Million Invesco 168-64 52 BRATTLE ST RENMORE, LLC 1/11/2019 $ 24 Million Renmore Multiple Lots Wilson Rd and Smith Pl QUAD 40 SMITH PLACE, LLC 4/19/2018 $ 21.9 Million Invesco 27-99 255 BENT ST COMMUNITY CHARTER SCHOOL OF 4/11/2018 $ 18.95 Million Community Charter School of Cambridge The sales table shows that significant purchases and investment are being made throughout Cambridge, as is reflected in the Top Sales table above with sales with three in the Kendall area, two in Harvard Square area and five in Alewife area.