120
PORTSMOUTH, R.I. — GMH Capital Partners has brokered the sale of Rainbow Heights, a multifamily property in Portsmouth. The facility features 10 duplexes that contain a total 18 three-bedroom units and two four-bedroom units. Dave Forrest and Randall Calvert of GMH Capital represented the seller, Northeast Housing, which sold the 6.95-acre property to Arbour Development Group for an undisclosed price. The new owner plans to fully renovate the facility.