Fulton Realty Capital represented a high-net-worth individual on the disposition of a multifamily community in Southwestern Connecticut. An undisclosed buyer purchased the stabilized, core-plus asset.
The 190,000 SF complex has 192 market rate units. On-site amenities include an outdoor swimming poll, sun deck, clubhouse, fitness center, and a playground. The premium Class A community offers convenient highway access and close proximity to multiple Fortune 500 corporate campuses.
The seller's original purchase of the property was also led by Fulton. In addition to arranging acquisition financing and leading all negotiations, Fulton's multifamily team advised on profitability strategies and helped arrange professional management.