RECENTLY CLOSED TRANSACTIONS

Avon Woods Apartments is an outstanding investment opportunity to acquire a 189 unit apartment complex in the highly affluent central Connecticut town of Avon. The 189 units are over sized and spacious situated in 3 – three-story buildings constructed in 1977. There are 102 one bedroom, 78 two bedroom and 9 three-bedroom apartments ranging is size from 925 SF to 1,324 SF. Amenities include a swimming pool with cabana and sun deck, two tennis courts, picnic areas and walking trails. Each apartment has a private balcony or patio. Avon Garden Apartments is a site approved for a phase II development of 250 units at the southwest section of the property. It will consist of two 98 unit buildings having a total of 106 one-bedroom units, 78 two-bedroom units and 12 three-bedrooms. There will be 20 duplex and quad style town home buildings containing 14 one-bedroom town homes, 14 two-bedroom town homes and 26 three-bedroom town homes