Pacific Urban Residential Acquires 402-Unit Multifamily Property In Stamford, CT For $154M

The property asset involved in this transaction is a multifamily building located at 200 Broad Street in Stamford, CT. The transaction was completed with a sale price of $154,000,000 for a total of 402 units, resulting in a price per unit of $383,084.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $154,000,000
• Address: 200 Broad Street
• Market: Stamford, CT
• Units: 402
• Price Per Unit: $383,084
• Seller: PGIM Real Estate - David Hunt
• Buyer: Pacific Urban Residential - Al Pace
• Brokers: CBRE

The key individuals involved in the deal include David Hunt representing the seller, PGIM Real Estate, and Al Pace representing the buyer, Pacific Urban Residential. CBRE acted as the brokerage firm facilitating the transaction.