Landings Real Estate Group has recently acquired Mill Creek Townhomes, a 140-unit market-rate apartment community located in North Kingstown, Rhode Island. The seller of this property is an affiliate of The Grossman Companies, a reputable real estate investment firm based in Quincy, Massachusetts.
Built between 1968 and 2006 in multiple phases, Mill Creek Townhomes consists of 31 residential buildings and a clubhouse. These homes offer two-, three-, and four-bedroom options with an average size of approximately 1,126 square feet. Spanning across an impressive area of 47 acres, this community offers plenty of space for its residents to enjoy.
The sale was facilitated by CBRE through their team led by Simon Butler along with Biria St. John , John McLaughlin ,and Brian Bowler . According to Butler,”This property presents Landings Real Estate Group with the opportunity to generate strong long-term returns by implementing their value-add program and making significant capital investments.”
The post CBRE Arranges Sale Of A Prominent Property In Rhode Island appeared first on Connect CRE.
