Jones Street Acquires Danbury Apartments from FPA
JLL Capital Markets arranged the sale of ReNew Danbury, a 192-unit multifamily community in Danbury, CT. Senior managing directors Steve Simonelli, Jose Cruz and Michael Oliver, directors Elizabeth DeVesty, Ryan Roberston and Austin Pierce and associate Jeremy Weinstock worked on behalf of the seller, FPA Multifamily, LLC. The buyer was Jones Street Investment Partners, which acquired the property for an undisclosed sum.
Located at 10 Clapboard Ridge Rd., ReNew Danbury is situated near I-84 and SR-7. The garden-style community was built in 1971 and features studios, one-, two-and three-bedroom units averaging 988 square feet. Residents have access to community amenities such as a clubhouse with theatre, game room, coffee bar and fitness center as well as a pool with sundeck, playground and bike storage.
“ReNew Danbury represented an exceptional investment opportunity in one of Connecticut’s most dynamic submarkets, attracting strong interest from investors seeking well-positioned assets with value-add potential,” said Simonelli.
Other News
Avison Young Arranges $115M Fannie Mae DUS loan for Rockrose
Avison Young arranged a $115-million first mortgage loan on behalf of an affiliate of Rockrose Development for the Eagle Lofts Collection, Phase 2, a 301-unit, luxury residential property located at 43-14 Queens St. in Long Island Cit. The financing was provided by Fannie Mae through Wells Fargo Multifamily Capital as its DUS Lender. Avison Young’s...
Learn more
MassDevelopment Issues Bond to Assist Conversion of Former Convent to Seniors Housing
MassDevelopment issued a $7,760,000 tax-exempt bond on behalf of 207 E Street LLC, an affiliate of South Boston Neighborhood Development Corporation, to convert the vacant former St. Augustine’s convent at 207 E St. in South Boston into seniors housing. Eastern Bank purchased the tax-exempt bond, which helped the organization achieve a lower cost of capital....
Learn more
Connect Media Presents the Second Annual ApartmentBuildings.com 100
For the second year in a row, Connect CRE, Connect Canada CRE, and ApartmentBuildings.com present the ApartmentBuildings.com 100. These awards honor advancement and achievement in the broadly defined multifamily space, including build-to-rent, student housing, seniors housing and mixed-use with residential. From dealmaking and development to technology and finance, the awards recognize success across deal sizes and pay tribute...
Learn more
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout