STAMFORD, CT—The 368-unit Cornerstone at Bedford apartment complex here has traded for $75.1 million.

The property was sold by Fairfield Bedford LLC to Cornerstone Apartments Property Owner LLC, a Delaware-based limited liability company, according to Institutional Property Advisors, which represented the seller in the transaction. The purchase price cashes out at $204,000 per unit. Institutional Property Advisors is a division of Marcus & Millichap. IPA Executive Directors Steve Witten and Victor Nolletti, and Marcus & Millichap Associate Eric Pentore represented Fairfield Bedford LLC in the deal.

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