CBRE BROKERS $36.4 MILLION MULTIFAMILY PORTFOLIO SALE
WATERBURY, CONN. — The Multi-Housing Team of CB Richard Ellis (CBRE) has brokered the sale of six multifamily properties located in the greater Waterbury area for $36.4 million. The portfolio totals 723 units, and the properties all contain HUD financing and/or subsidies. They consist of: Southwood Apartments, a 168-unit property located at 933 Rubber Ave. in Naugatuck; Prospect Towers, a 151-unit community located at 34 Prospect St. in Waterbury; Exchange Place Towers, a 150-unit property located at 44 Center St. in Waterbury; Flanders West, a 145-unit property located at 1 and 3 Darling St. in Southington; and Countryside I and II, two communities located at 12 Wolf Hill Rd. in Wolcott that total 55 and 54 units, respectively. Michael Stone and Jessa Kurzman of CBRE represented the seller, Creative Management & Realty Co., and procured the undisclosed buyer in each transaction.