CB Richard Ellis/New England brokered the sale of Windsor Brooke, a 280-unit apartment community, and Windsor Ridge, a 238-unit apartment community, both located in Middletown, Conn.
The total value of the transaction was approximately $73.3 million.
Fairfield Residential LLC purchased the class A properties from GID Investment Advisers LLC.
Windsor Brooke was built in 1989 and includes eight two-, three- and four-story garden-style buildings, a single-story clubhouse and a single-story maintenance building on 19.5 acres. Community amenities include a swimming pool with sundeck, carports, picnic area and laundry facilities in the clubhouse.
Windsor Ridge was built in 1988 and includes nine two-, three- and four-story garden-style buildings, a two-story clubhouse and a maintenance building on 11.8 acres. Community amenities include a swimming pool with sundeck, racquetball court, fitness center, picnic area and laundry facilities in the clubhouse.
CB Richard Ellis/New England is a Boston-based joint venture of CB Richard Ellis and Whittier Partners Group with offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire.
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