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
Timberline Partners Spends $83M on WA Multifamily Community
Timberlane Partners purchased Canopy Apartments, a 336-unit garden-style apartment community located at 923 112th St. SW in Everett, WA, for $82.75M, or $246,279 per unit. The acquisition was made in partnership with NY-based EOS Residential Investors. Canopy is the sixth acquisition through Timberlane Acquisition Fund II (TAF II) and follows the firm’s $37M acquisition of...
Learn more
Trademark, Morgan Advancing 362-Unit Oak Lawn Rental Community
Trademark Property Company and Morgan broke ground yesterday on a 362-unit Class A multifamily community at 3900 Lemmon Avenue in Dallas’ Oak Lawn neighborhood, adjacent to Turtle Creek. The first residences are expected to be completed in fall 2028, with full delivery in the second quarter of 2029. Costs for the project are estimated at $100...
Learn more
CP Group-Led Team Buys Massive Boca Raton Mixed-Use Project
CP Group, The Georgetown Company and fund manager ACRE, together with investment partner StepStone, acquired Mizner Park in downtown Boca Raton. Brookfield Asset Management was the seller. The acquisition of the 838,840-square-foot office, retail, and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999. Mizner Park...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout