**FPA Multifamily Acquires $121M Connecticut Portfolio from Sun Equity Partners**
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has completed the $121 million sale of the Central & Southeast Connecticut Portfolio. This multifamily portfolio consists of 693 units across four properties located in New Haven, Hartford, and New London counties.
The portfolio includes:
– **New Cambridge**: 208 units in Bristol
– **Silvertree**: 180 units in Wallingford
– **Peppertree**: 205 units in Groton
– **Huntington Ridge**: 100 units in Norwich
Each property is strategically located near major regional employers such as General Dynamics Electric Boat, ESPN, Pfizer, Bristol Hospital, and Lawrence + Memorial Hospital.
“This 100% market-rate suburban portfolio is located in the most resilient segment of Connecticut’s multifamily market, where well-located Class B to B+ assets continue to consistently deliver high occupancy, steady rent growth, and strong cash flow,” said Victor Nolletti, Executive Managing Director of Investments at IPA.
Nolletti, along with IPA’s Eric Pentore and Wes Klockner, represented the seller, Sun Equity Partners, and also secured the buyer, FPA Multifamily LLC.
