AMS Acquisitions and Avenue Realty Capital have completed a joint-venture acquisition of 131 Danbury Road in Wilton, Connecticut, with plans to develop a 208-unit multifamily apartment complex. The project is being financed through a $71 million construction loan provided by Madison Realty Capital. The financing was arranged by Arrow Real Estate Advisors.
“131 Danbury Road addresses a clear need for high-quality rental housing in a supply-constrained, high-barrier-to-entry market with strong underlying fundamentals,” said Udi Kore of Avenue Realty Capital. “We are happy to partner with AMS on this project, which is a great example of the kind of thoughtful, high-conviction investments we focus on while elevating the communities we operate in.”
With a total development value of $95 million, the property is positioned along Route 7 and offers convenient access to local restaurants, retail, and transportation options including the Wilton and Norwalk train stations—both of which provide direct access to Manhattan.
The team at Arrow Real Estate Advisors was led by company founder Morris Betesh, Managing Partner Alex Bailkin, and Senior Vice President Matt O’Hanlon.
