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| Max Peek |
CHICAGO, IL – Waterton Associates LLC, a U.S. real estate
investor and operator, is pleased to announce the acquisition of 75 Tresser
Apartments, a 344-unit community located in downtown Stamford, Conn. 75
Tresser is the fourth property purchased by Waterton in 2014.
Waterton purchased
the community on behalf of its institutional investors and in conjunction with
Clal US, a co-investment partner.
Clal US is a wholly owned subsidiary of Clal Insurance
(CLIS:IT), a publicly traded insurance company, pension fund manager and one of
Israel’s largest financial institutions.
Waterton Residential, Waterton’s property management
division, will assume lease up and management of the property in 90 days.
“We are happy to be
entering the dynamic Stamford market with the purchase of 75 Tresser,” said Max
Peek, senior vice president, East Coast acquisitions, at Waterton
Associates. “It is a well-constructed, luxury building in an excellent
location.”
75 Tresser is a
Class-A midrise community with 344 apartments consisting of studio and one-,
two- and three-bedroom apartments.
For a complete copy
of the company’s news release, please contact:
Abe Tekippe, atekippe@taylorjohnson.com,
(312) 267-4528
Virginia Love, vlove@wallc.com,
(404) 937-2061
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