Rick Gropper Of Camber Property Group And Lewis Brown Of Honeycomb Real Estate Partners Buy Multifamily In Vernon For $11.5M

The multifamily asset involved in this transaction is located at 1170 Hartford Turnpike, Vernon, CT. The property consists of 84 units with a purchase price of $11,500,000, equating to a price per unit of $136,905. This development is identified as Dobbs Crossing and is fully affordable housing. This marks Camber Property Group's second acquisition in Connecticut.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,500,000
• Address: 1170 Hartford Turnpike
• Market: Vernon, CT
• Units: 84
• Price Per Unit: $136,905
• Buyer: Rick Gropper - Camber Property Group
• Buyer: Lewis Brown - Honeycomb Real Estate Partners

Rick Gropper and Lewis Brown played significant roles in this transaction as representatives of Camber Property Group and Honeycomb Real Estate Partners, respectively, showcasing collaboration between the two firms in acquiring the property. The transaction highlights the activity and investment in affordable housing within the market.