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AMS, Avenue Realty JV on Wilton Multifamily Development
AMS Acquisitions and Avenue Realty Capital completed the joint-venture acquisition of 131 Danbury Rd., Wilton, CT, with plans to develop a 208-unit multifamily apartment complex. The project was financed with a $71,000,000 construction loan from Madison Realty Capital, arranged by Arrow Real Estate Advisors.
“131 Danbury Rd addresses a clear need for high-quality rental housing in a supply-constrained, high-barrier-to-entry market with strong underlying fundamentals,” said Udi Kore of Avenue Realty Capital. “We are happy to partner with AMS on this project, which is a great example of the kind of thoughtful, high-conviction investment we focus on while elevating the communities we operate in.”
The $95-million development is located along Route 7, providing convenient access to restaurants, shops, and the Wilton and Norwalk train stations, both of which offer direct access to Manhattan.
The Arrow Real Estate Advisors team was led by company founder Morris Betesh managing partner Alex Bailkin and SVP Matt O’Hanlon.
- ◦Development
- ◦Financing
