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Quarterra Group Announces Start of Leasing at Artemas Apartments

1. Quarterra Group launches 396 apartments in Everett, Massachusetts. 2. Artemas features amenities like a rooftop deck and fitness center. 3. The community aims for Gold Certification in green building standards. 4. Quarterra's strategy focuses on expanding the Emblem portfolio for affordable housing. 5. Proximity to Boston enhances the appeal for residents.

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Why Bullish?

The launch of Artemas aligns with LEN's growth strategy and urban development focus. Previous projects showed positive impact on LEN's stock post-launches.

How important is it?

The leasing of Artemas symbolizes growth in urban markets, reflecting positively on LEN's business strategy.

Why Long Term?

The community's success can drive steady rental income, impacting LEN’s long-term revenue positively.

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LEN.B
Community to Offer 396 Apartment Homes in the Boston Suburb of Everett , /PRNewswire/ --  Quarterra Group, a subsidiary of Lennar Corporation and a real estate investment and development firm, today announced the start of leasing at Artemas, a mid-rise apartment community in Everett, Massachusetts, just four miles north of Downtown Boston. The management of Artemas falls under the recent merger agreement between Quarterra Living, the property management division of Quarterra Group, and RKW Residential, the property management arm for Alfred. Artemas introduces 396 apartment homes and 1,500 square feet of retail space to the "Fermentation District" of Everett, an active neighborhood that is home to several breweries and distilleries. "Artemas was designed to complement the colorful and historic character of Everett, and we have curated an exceptional living experience that captures the energy of this vibrant city," said Dan Lee, Managing Director of Quarterra Group's Northeast Division. "From the views of Downtown Boston from the sky lounge to our thoughtfully appointed homes and elite amenities, Artemas allows residents to live a robust lifestyle both at home and while enjoying the neighborhood." Artemas, located at 5 Air Force Road, supports an active way of life. The community is within walking distance of RiverGreen Park and Village Landing Park, both located on the Malden River, as well as the Wasgott and Sacramone playgrounds and Northern Strand Community Trail. Artemas is surrounded by high-energy entertainment options, including Revolution Axe Throwing, Metrorock Climbing Center, Sky Zone Trampoline Park and Park-9 Dog Bar. Locally crafted libations can be found at Night Shift Brewing and Short Path Distillery, while several international dining opportunities also await. Retail dining hubs, including Assembly Row, Gateway Center Mall, Fellsway Plaza, Main Street Everett and Station Landing, are all just blocks away. The community is just a short walk to the MBTA Orange Line T (Wellington Station) and MBTA bus routes, with TD Garden — home to the Boston Celtics and Bruins — just four stops away. Residents also enjoy easy regional connectivity via I-93 and Route 1, leading south to Downtown Boston or north to Medford and Revere Beach. Neighborhood access is made even easier by an on-site Bluebikes bikeshare station.Artemas residents can choose from studio, one- and two-bedroom floor plans, ranging from 561 to 1,481 square feet. Select one-and two-bedroom apartment homes feature flexible den spaces ideal for additional living space or work-from-home offices. All homes come equipped with luxury vinyl wood flooring, stainless steel appliances, quartz countertops, under-cabinet lighting, and matte black fixtures in kitchens and baths. Select homes include balconies, natural gas stoves and spacious walk-in closets.The community's comprehensive amenities suite is highlighted by an expansive indoor/outdoor rooftop deck with views of Boston, two elevated courtyards with lounge seating and yard games, a state-of-the-art fitness center, resort style pool, a club room and pub room with billiards and shuffleboard, indoor/outdoor bar seating, a multitude of work-from-home spaces, a dog park and onsite pet spa. Artemas residents also have access to bike storage, leasable storage spaces and a 500-space parking garage. The community has been designed to meet a Gold Certification from the National Green Building Standards (NGBS) for its environmentally friendly design and construction.Quarterra has also developed Harper, a 265-home community in the renowned academic neighborhood of Allston, which will join Artemas as the first two Quarterra communities in the Boston Metropolitan Area. About QuarterraQuarterra Group, Inc. is a real estate investment firm focused on creating long-term value through the development of high-quality multifamily communities nationwide. As a wholly-owned subsidiary of Lennar Corporation (NYSE: LEN) and (NYSE: LEN.B), Quarterra combines institutional scale with local market expertise to deliver purposefully designed rental communities in high-growth markets. Quarterra's core strategy includes the expansion of its Emblem portfolio-a growing collection of attainably priced communities that deliver efficient design, modern amenities, and strong investment fundamentals. Emblem Communities are thoughtfully positioned to meet the needs of today's renters while supporting Quarterra's broader vision of sustainable, resilient, and diversified housing solutions. For more information, visit www.quarterra.com. Media ContactMarlena DeFalcoLinnellTaylor Marketing303-682-3943[email protected] SOURCE Quarterra WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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