Hamilton Zanze has sold Middletown Brooke and Middletown Ridge Apartments in the Southeast Hartford/Middlesex County submarket of Hartford, Conn.
The firm purchased the portfolio of two properties in March 2018 and the sale closed on Feb. 27.
During its ownership, Hamilton Zanze completed many successful renovations focused on making the property run more efficiently. These projects include unit upgrades, additions to the amenity package, repaving, HVAC replacements and numerous exterior improvements.
"We are thrilled to have executed our business plans for Middletown Brooke and Middletown Ridge in just five years versus the projected 10-year hold period," said Anthony Ly, senior director of dispositions at Hamilton Zanze. "Both properties were acquired as a portfolio in 2018 and represented an opportunity for immediate scale and to improve the resident experience through unit renovations and property-wide improvements."
Middletown Brooke was built in 198
