Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Central & Southeast Connecticut Portfolio, a four-property, 693-unit multifamily portfolio. The portfolio, spanning New Haven, Hartford, and New London counties, traded for $121 million.
This 100% market-rate suburban portfolio is located in the most resilient segment of Connecticut’s multifamily market. Well-located Class B to B+ assets in this region continue to consistently deliver high occupancy, steady rent growth, and strong cash flow.
The portfolio provides immediate scale, operational efficiency, and significant revenue upside potential for the buyer. This transaction underscores IPA's expertise in facilitating large-scale multifamily portfolio sales and identifying attractive investment opportunities.
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