Multifamily Portfolio Acquisition in Milford, Connecticut

Multifamily Portfolio Acquisition in Milford, Connecticut

SCOTTSDALE, January 14, 2013 /PRNewswire/ — The Wolff Company has acquired a multifamily asset portfolio in Milford, Connecticut. The acquisition consists of 10 apartment communities totaling 387 units. Constructed between 1997 and 2012, the properties are situated in close proximity to the downtown area, public transportation and main commuting routes.

Milford is a coastal town situated between New Haven and Bridgeport. There is a train station located in the center of Milford, offering service to many of the major employment areas in the region: New Haven (15 minutes), Bridgeport (10 minutes), Stamford (35 minutes) and Manhattan (80 minutes).

“The portfolio was acquired via an off-market channel. Our ability to purchase the entire portfolio, to provide a flexible structure and to act quickly resulted in compelling value creation,” offered Scott Bashaw, Head of Transactions at The Wolff Company.