Boston, MA-based multifamily real estate investment firm Jones Street Investment Partners, LLC has purchased two-property, 518-unit multifamily portfolio in Middletown, CT from Hamilton Zanze.
Victor Nolletti, Eric Pentore and Wes Klockner of Institutional Property Advisors, a division of Marcus & Millichap, represented San Francisco, CA-based Hamilton Zanze and procured Jones Street Investment Partners, LLC.
“This strong, highly desirable dual-commuter multifamily market has historically demonstrated positive rent growth and value appreciation,” said Noletti. “The assets in the portfolio provide the buyer with stable in-place cash flow and significant, proven value-add opportunities.”
The 1988-constructed properties, 238-unit Middletown Ridge and 280-unit Middletown Brooke, are located off Interstate 91 in Middletown’s Westlake District. Middletown Ridge includes clubhouse, swimming pool, racquetball court and laundry facilities. Middletown Brooke’s hared amenities include a swimming pool, fitness center, and picnic area.
The post Jones Street Investment Partners Acquires 518-Unit Multifamily Portfolio in Middletown appeared first on Connect CRE.
Boston, MA-based multifamily real estate investment firm Jones Street Investment Partners, LLC has purchased two-property, 518-unit multifamily portfolio in Middletown, CT from Hamilton Zanze. Victor Nolletti, Eric Pentore and Wes Klockner of Institutional Property Advisors, a division of Marcus & Millichap, represented San Francisco, CA-based Hamilton Zanze and procured Jones Street Investment Partners, LLC. “This …
The post Jones Street Investment Partners Acquires 518-Unit Multifamily Portfolio in Middletown 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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