CBRE Arranges $35M Sale of Connecticut MF Property
CBRE has brokered the $34.8 million sale of Alvista Willow Brook, a 180-unit apartment community located in Meriden, CONN.
Built in 2005, the community features an amenity package with a resident lounge, fitness center, outdoor pool, covered private garage parking and leasing office. The property is located in the Hartford suburbs and provides access to New Haven businesses and employers. The apartment community presents a value-add opportunity to continue the successful unit renovations current ownership initiated by upgrading the remaining 30% of apartments with original finishes.
Jeffrey Dunne, Simon Butler, Biria St. John, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer of CBRE represented the seller in the transaction, an affiliate of Phoenix Realty Group, an active multifamily owner, operator, equity investor, developer and fund manager with properties throughout the United States. The buyer was Beachwold Residential.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.