Investors sell Trumbull apartments for 23% markup from last year – Robert Khodadadian

A pair of investors sold a Fairfield County apartment complex for $19 million more than they paid for it last year in a sign that demand for some suburban multifamily assets remains strong against rising interest rates. Massachusetts-based real estate investment firm Colony Hills Capital picked up the 339-unit Royce at Trumbull for $101 million — 23 percent more than the $82 million that sellers Sym Investments and Skywood Properties paid for the complex a

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Cross Post, Home Page, connecticut, Multifamily Market, Tri-state The Real Deal New York Read More

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