IPA Closes Deal for West Hartford Apartments
Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the sale of Westgate Apartments, a 186-unit multifamily property in West Hartford, CT. Terms of the sale weren’t disclosed.
“West Hartford’s combination of small-town atmosphere and urban intensity makes it an extremely attractive place to live, which in turn creates a large and diverse renter pool for apartment owners to draw from,” said Eric Pentore, IPA first VP.
Victor Nolletti, IPA executive managing director, Pentore and Wes Klockner, IPA senior associate, represented the seller, BFN Westgate LLC. They also procured the buyer, ER Properties Fund LLC.
Constructed in 1962, the 10-acre, 415,127-square-foot property offers residents studio, one- and two-bedroom floor plans. Amenities include a new fitness center, resort-style pool and sun deck.
- ◦Sale/Acquisition

