Monday, September 8, 2014

Waterton Enters Connecticut with the Acquisition of 75 Tresser Apartments in Stamford


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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