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IPA Closes CT MF Asset Sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has disclosed the sale of Manor House, a two-story multifamily property consisting of 125 units in Bloomfield, Connecticut.
Constructed in 1963, Manor House spans over 15 acres and enjoys proximity to Route 178, offering access to Downtown Hartford, the University of Hartford, and the University of Connecticut. Victor Nolletti, Eric Pentore, along with Wes Klockner and Ross Friedel, facilitated the transaction, representing the seller, CT Park Holdings LLC, and bringing in the buyer, MLKRECAP Acquisitions LLC.
“Vintage assets with accretive in-place assumable financing and value-add potential like Manor House are particularly in demand,” said Nolletti. “With one of the nation’s tightest vacancy rates and strong rent growth, the Hartford metro area continues to attract investment capital,” added Pentore.
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- ◦Sale/Acquisition
