CBRE facilitates sale of 226-unit Windshire Terrace

Windshire Terrace - Middletown, CT

Middletown, CT According to CBRE Group, Inc., Jeffrey Dunne, Simon Butler, Biria St. John, Gene Pride and Eric Apfel of CBRE represented an affiliate of Fairfield Residential in the sale of Windshire Terrace, a 226-unit class A apartment community to Hampshire Properties, LLC.   

Dunne said, “We are pleased to have represented an affiliate of Fairfield Residential in the sale of Windshire Terrace to Hampshire Properties, LLC.  The seller has been successful growing revenue by renovating over half the apartments with upgraded kitchens, baths and living areas which demonstrates the demand by renters for modern apartments in this market.  The buyer will be able to continue the renovation program at the property while also capitalizing on operating efficiencies as Hampshire Properties owns two additional apartment communities in the area.”