Equus Sells 650-Unit Apartment Portfolio in Connecticut to Hampshire Properties

by Amy Works

MIDDLETOWN, CONN. — Equus Capital Partners has completed the disposition of two apartment communities in Middletown. Hampshire Properties acquired the properties for an undisclosed price. The 650-unit portfolio consists of Madison Chestnut Hill and Madison Northwoods and features a mix of one-, two- and three-bedroom apartments. Community amenities include outdoor swimming pools, tennis and indoor racquetball courts, fitness centers, a playground and a nature trail. At the time of acquisition, the communities were 95 percent occupied. Victor Nolletti and Steve Witten of Institutional Property Advisors represented the seller in the transaction.

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