(To read more on the multifamily market, click here.)
NEW BRITAIN, CT-A group of local investors--Bralite HoldingsLLC--has acquired the Regency adult rental apartment developmenthere for $7.38 million. The transaction was part of a tax-deferredexchange.
The complex was sold by 55 Spring Street LLC, which hadpurchased the development some years back and converted it into a55-and-older active adult rental community. The property sits on5.43 acres at 55 and 85 Spring St.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
