Rockpoint, a Boston-based real estate private equity firm, acquired Altitude Apartments in partnership with Metropolitan Properties. The deal was announced on March 31.

“We are excited to partner with Rockpoint and to continue our ownership of Altitude Apartments, providing a high-quality living experience for the residents at the property,” said Greg Cohen, chief investment officer at Metropolitan Properties. “This acquisition and newly formed partnership positions both firms to further expand their holdings in the market.”

Located in Malden, the 41-acre multifamily community features 919 one-, two- and three-bedroom rental units across 13 buildings. On-site MBTA bus service provides direct access to Greater Boston.

“We are excited to add Altitude Apartments to our extensive residential portfolio,” said Tom Gilbane, managing member and co-president at Rockpoint. “With Greater Boston’s strong fundamentals supporting sustained demand for talent — and in turn, quality housing — this acquisition underscores our conviction in investing in high-quality assets in attractive markets that we know intimately.”

The acquisition is in keeping with Rockpoint’s current focus on multifamily and single-family rental properties. Since 1995, the firm has invested in nearly 95,000 multifamily units and 16,000 rental homes.