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| The Moderne Apartments, 163 Franklin Street, Stamford, CT |
WASHINGTON, D.C. –– Holliday Fenoglio Fowler, L.P. (HFF)
announces $8.435 million in joint venture equity for the acquisition of The
Moderne and The Verano, two apartment communities totaling 116 units in
downtown Stamford, Connecticut.
The HFF team worked on behalf of Navarino Capital Management LLC
to arrange joint venture equity for the acquisition of the two properties through
a national life insurance company.
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| The Verano Apartments 750 Summer Street, Stamford, CT |
The Moderne, a 58-unit property built in 2013 and located at 163
Franklin Street, and The Verano, a 58-unit property built in 2014 and
located at 750 Summer Street, are in the heart of the Stamford CBD.
The properties feature
high-end amenities, including full-sized balconies, stainless steel appliances
and state-of-the-art fitness centers.
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| Chris Hew |
Residents have immediate access to more than
15 million square feet of office space, numerous restaurants and retail
amenities as well as entertainment, healthcare and outdoor recreation.
Stamford allows
commuters access into Manhattan via the Connecticut Turnpike (Interstate 95)
and the Metro-North train station, which is the busiest train station outside
of Grand Central Terminal.
The HFF equity placement team representing Navarino Capital
Management included senior directors Chris Hew and Peter Rotchford.
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| Peter Rotchford |
Navarino Capital Management, founded in 2009, is the
investment partnership arm of a 2nd generation Connecticut multifamily
owner/operator with over 35 years of combined multifamily experience.
Navarino’s principals have owned over 2,000 units in more than 40
properties.
For more information, please contact:
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500
