640-Unit Connecticut Apartment Portfolio Fetches $75M

Chestnut Hill and Northwoods Apartments, two multi-family communities accounting for an aggregate 650 residences in Middletown, Conn., have just come under new ownership. Entities operating as Northwoods Apartment Associates L.L.C. and Chestnut Apartment Associates L.L.C. took the two Class A properties, located approximately 15 miles south of Hartford, off the hands of Middletown-Oxford L.P. and Connecticut Colony Associates L.P. in a transaction valued at $75 million.

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