SACRED HEART UNIVERSITY STUDENT HOUSING PROPERTY SELLS FOR $2.7M

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BRIDGEPORT, CONN. — Redbrick Partners, a Washington, D.C.-based REIT, has sold a student housing community comprised of 20 townhomes near Sacred Heart University to a New Jersey-based fund for $2.7 million. Taft Commons has been leased to the university since the mid-1990s, and it recently signed a three-year lease extension through 2015. Edward Jordan of Northeast Private Client Group represented the seller. Christopher Tichio of Alexander Summer represented the buyer.

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