**FPA Multifamily Acquires Residences at Brentwood in $52.5M Deal**
CBRE announced the $52.5 million sale of the Residences at Brentwood, a 240-unit apartment community located in North Providence, Rhode Island. The transaction was led by a CBRE team including Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler.
The seller, TMI The Residences at North Brentwood—an affiliate of Wellesley-based Taymil Partners—was represented by CBRE, which also secured the buyer, FPA Multifamily, LLC.
Built in 1987, the Residences at Brentwood features a mix of one- and two-bedroom apartments, with an average unit size of 692 square feet. The property boasts a full suite of amenities, including both indoor and outdoor pools, a fitness center, and a clubhouse. Its location offers convenient access to downtown Providence and Interstate 295.
“We are pleased to have represented Taymil Partners in the sale of Residences at Brentwood,” said Simon Butler of CBRE. “The property offers FPA the opportunity to create strong returns through their value-add execution.”
