Updated Jun 11, 2026
Adam Portnoy Of RMR Residential Acquires Multifamily Complex In Greenwich For $356 Million
255 Weaver Street & Putnam Green
$356,000,000
Units
406
Asset Type
MultiFamily
Closing
Jun 10, 2026
About this deal
AI
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.
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $876.8K per unit across 406 units on a published $356M (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93