San Francisco, CA-based real estate investment firm Hamilton Zanze has sold Middletown Brooke and Middletown Ridge apartment communities located in the Southeast Hartford/Middlesex County submarket of Hartford, CT.
During its ownership, Hamilton Zanze completed unit upgrades, additions to the amenity package, repaving, HVAC replacements and numerous exterior improvements.
“We are thrilled to have executed our business plans for Middletown Brooke and Middletown Ridge in just five years versus the projected ten-year hold period,” said Anthony Ly, senior director of dispositions at Hamilton Zanze. “Both properties were acquired as a portfolio in 2018 and represented an opportunity for immediate scale and to improve the resident experience through unit renovations and property-wide improvements.”
Middletown Brooke was built in 1989 and has 280 units plus clubroom, fitness center, pool, dog park, barbecue areas and carport.
Middletown Ridge was built in 1988 and has 236 units plus clubroom, fitness center, indoor racquetball court, pool, laundry facility and grilling stations.
Photo: Middletown Ridge
The post Hamilton Zanze Disposes Hartford Communities after Five-Year Hold, Improvements appeared first on Connect CRE.
San Francisco, CA-based real estate investment firm Hamilton Zanze has sold Middletown Brooke and Middletown Ridge apartment communities located in the Southeast Hartford/Middlesex County submarket of Hartford, CT. During its ownership, Hamilton Zanze completed unit upgrades, additions to the amenity package, repaving, HVAC replacements and numerous exterior improvements. “We are thrilled to have executed our …
The post Hamilton Zanze Disposes Hartford Communities after Five-Year Hold, Improvements appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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