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Rhodium Capital Advisors Acquires 14 - Building Connecticut Portfolio With Firm Capital Partners for $30.5 Million. Press Release - updated: Aug 17, 2017 New York, NY, August 16, 2017 (Newswire.com) - ​ Rhodium Capital Advisors today announced the acquisition of 462 apartment units in the Cambridge district of Bridgeport, Connecticut for $30.5 million. The portfolio consists of one 179-unit complex and thirteen buildings (clustered in four areas around the city) with an average of 22 units each. The properties are located at: 2209-2225 Main St., 1465 East Main St ., 340 Putnam St., 299 Berkshire Ave., 644-654 Park St., 30 Granfield Ave., 80 Granfield Ave., 85 Price St., 1575 Iranistan Ave., 898-930 Norman St., 1421 Fairfield Ave., 850 Hancock Ave., 1054 Hancock Ave. and 1590 Barnum Ave. Rhodium’s business plan for the portfolio involves spending approximately $1 million on building- wide capital improvements and $1.6 million to upgrade and modernize the apartment units. This acq...

2209-2225 Main St., Bridgeport, Conn. Rhodium Capital Advisors acquired a portfolio consisting of 462 units located in the Cambridge district of Bridgeport, Conn., for $30.5 million. The portfolio is comprised of Cambridge, a 179-unit community, and 13 other buildings with an average of 22 units each. The company partnered with Toronto- based Firm Capital Organization in the transaction.  Located at 2209-2225 Main St., Cambridge is the largest community of the portfolio, offering 170 studios and nine one-bedroom suites. The three-story property was built in 1932 and features hardwood floors , laundry facilities and controlled access. According to Yardi Matrix data , the community last traded in 2016, when Kolich Holdings paid $8.5 million, or $117.6 per square-foot, to a private seller. The property has an occupancy rate of 99.4 percent. The other properties that have been acquired by Rhodium are clustered in four areas around the city and are located at: 1465 E. Main St., 340 Putnam...

Los Angeles real estate investor TruAmerica Multifamily has continued its metro Denver buying spree with two new apartment acquisitions. TruAmerica, in a partnership with Allstate Life Insurance Co., recently bought the 710- unit Berkshires at Lowry complex in southeast Denver and the 404- unit Ponderosa Villas . The acquisitions were part of a $229 million deal that also included an apartment complex in Renton, Wash. The seller was an affiliate of Boston- based Berkshire Property Advisors . “Attractive existing and projected economic fundamentals in Seattle and Denver provide an excellent value- add investment opportunity for this Berkshire portfolio ,” TruAmerica chief executive Robert E. Hart said in a statement. TruAmerica made its first appearance in Denver in April with the $55 million purchase of the 564- unit Tamarac Village Apartments . In its first year of operations, TruAmerica has acquired 10 properties totaling more than $550 million. Dan Woodward, David Potarf an...

AMLI sells luxury apartments in Miramar to Boston investment manager for $82M Rents started at just under $2,000 a month for a one-bedroom unit By Katherine Kallergis | July 18, 2017 11:15AM Miramar Park Chicago- based AMLI Residential just sold a luxury apartment community in Miramar for $82 million, or about $273,000 per unit. Property records show PPF AMLI Miramar Boulevard LLC sold Miramar Park to Bel Miramar LLC , a company tied to Boston- based investment manager Eaton Vance Management . AMLI completed the 300- unit rental development at 11000 Miramar Boulevard in 2015. Units range from 840 square feet to nearly 1,500 square feet, according to its website. Amenities include a pool with cabanas, house bar and outdoor grills, a fitness center, yoga studio, clubroom, bark park and pet spa, lily pond, sculpture garden and more. Rents started at just under $2,000 a month as of July for a one-bedroom unit. Apartments feature granite countertops , designer tile or wood floors an...