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A New York investor has acquired a new multifamily building in Waltham, the latest in a series of investments in suburban Boston apartments. 

Pantzer Properties bought the 195-unit The Point at Waltham for $91M, Banker & Tradesman first reported. Massachusetts Housing Partnership Fund provided $59M in mortgage financing for the sale. 

The 238K SF property was developed by Phoenix-based Alliance Residential Co. It was built under the state's 40B law, which requires the project to have 25% affordability, equating to 49 units.