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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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