Adam Portnoy Of RMR Residential Acquires Multifamily Complex In Greenwich For $356 Million

The property involved in the transaction is a multifamily complex located at 255 Weaver Street & Putnam Green in Greenwich, CT. The sale price for the two-property acquisition amounted to $356,000,000, comprising a total of 406 units. The price per unit is calculated at $876,847.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $356,000,000
• Address: 255 Weaver Street & Putnam Green
• Market: Greenwich, CT
• Units: 406
• Price Per Unit: $876,847
• Buyer: Adam Portnoy - RMR Residential

RMR Residential acquired the properties ARIUM at Greenwich Oaks and ARIUM at Greenwich Place as part of this transaction, expanding their portfolio in the multifamily sector within the Greenwich market.