WELLINGTON HILL TRADES FOR $36 MILLION

MANCHESTER, N.H. — Albany, N.Y.-based Dawn Home Management has acquired a Manchester apartment community from Equity Residential for $36 million. Wellington Hill is a 390-unit property located approximately 4 miles east of downtown Manchester. Constructed in 1986, the property comprises garden-style apartment buildings and townhome buildings on a 32.7-acre site. The community contains one- through three-bedroom residences and the average unit size is 1,008 square feet. Property amenities include a community room, a fitness center, an outdoor swimming pool with a sundeck, an indoor lap pool with a hot tub, a sauna, a racquetball court, tennis courts and a playground. The team of Simon Butler, Biria St. John, Michael Byrne and John McLaughlin of Cushman & Wakefield's Capital Markets Group represented the seller and procured the buyer.