AMS Acquisitions and Avenue Realty Capital have completed the joint-venture acquisition of 131 Danbury Road in Wilton, Connecticut, with plans to develop a 208-unit multifamily apartment complex. The project will be supported by a $71 million construction loan provided by Madison Realty Capital, with financing 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 investment we focus on while elevating the communities we operate in.”
The new $95 million development will be located along Route 7, offering residents convenient access to shops, restaurants, and transit, including the Wilton and Norwalk train stations with direct service to Manhattan.
The financing was arranged by Arrow Real Estate Advisors, led by company founder Morris Betesh, managing partner Alex Bailkin, and senior vice president Matt O’Hanlon.
