Heritage Housing Inc Acquires Senior Housing Portfolio In Connecticut From First Atlantic LLC For $39.8M

A 169-unit senior housing portfolio totaling $39,775,000 was sold in Fairfield County, Connecticut, encompassing Kimberly Place, located at 19 Main Street in Danbury with 116 units, and One Leonard at 1 Leonard Street in Norwalk with 53 units. The price per unit was $235,355.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $39,775,000
• Market: Danbury & Norwalk, CT
• Units: 169
• Buyer: Heritage Housing, Inc
• Seller: First Atlantic, LLC
• Brokerage: CBRE
• Brokers involved: Simon Butler, Biria St. John, Jeffrey Dunne, Eric Apfel, Timothy Flint & Taylor Froland

CBRE represented both the seller, First Atlantic, LLC, and the buyer, Heritage Housing, Inc, in this transaction involving a significant portfolio of senior housing units aimed at serving the local market.