I
n a savvy real estate play, Michel Ermani's Premier Investment Properties LLC has cashed out on a lucrative 30-unit apartment complex in Framingham, MA. The property, situated at 301 Grant Street, changed hands for $7.5 million, nearly a year and a half after Ermani snapped it up for $6.2 million.

    Behind the scenes, Zanzibar Capital Group, a Boston-based real estate investment firm, has emerged as the new owner through its affiliated entities, 301 Grant LLC (MA) and 526 Western Ave LLC (DE). This strategic move marks a significant shift in Ermani's investment focus towards the Worcester area, where he has undertaken substantial renovations to revitalize the property.

    Assessed at $4.41 million for tax purposes in 2024, the 1.21-acre parcel at 301 Grant Street has proven to be a shrewd investment opportunity for Ermani and his team. As reported by Eric Casey of Worcester Business Journal, this deal highlights the growing appeal of Framingham's real estate market, with savvy investors like Zanzibar Capital Group taking notice.