IPA Closes Sale of Apartments Near Stamford CBD
Institutional Property Advisors (IPA), a division of Marcus & Millichap, recently closed the sale of Hoyt Bedford, a 350-unit apartment complex in Stamford, CT. Terms of the sale weren’t disclosed.
“Hoyt Bedford is a 100% market-rate, legacy asset located on the edge of Stamford’s central business district,” said Victor Nolletti, IPA executive managing director. “Just a short walk from Bedford Street Restaurant Row, Columbus Park and all that Stamford has to offer, the property is a well-maintained apartment home community and an outstanding value-add opportunity.”
Nolletti, IPA’s Eric Pentore and Wes Klockner represented the seller, Stamford Apartment Company LLC, and procured the buyer, Hoyt Bedford LP, with Marcus & Millichap’s Andrew Daitch.
Marcus & Millichap’s Matthew Kurzmann, Steven Miscavish, Seth Barnett, Tyler Martin, Gerson Askenazy, Neil Rosenthal and Alyssa Van Hyfte also provided representation. John Krueger is Marcus & Millichap’s broker of record in Connecticut.