Alvista on Baltimore - La Mesa, CA
March 18, 2014
Bloomberg Businessweek – Phoenix Realty Group and PCCP, LLC Form Joint Venture to Acquire 180-Unit Property in the Middletown, Conn. Market for $27.5 Million
Phoenix Realty Group formed a joint venture with PCCP, LLC to acquire a 180-unit multifamily property in Meriden, Connecticut purchased for 27.5 million. The property, Newbury Village, will be rebranded and renamed to Alvista Willow Brook and contains a vast amenity package including a central clubhouse, fitness center, heated outdoor swimming pool and in-unit appliances. PRG is managing the property as it undergoes a series of capital improvements.
This is an excerpt of the article “Phoenix Realty Group and PCCP, LLC Form Joint Venture to Acquire 180-Unit Property in the Middletown, Conn. Market for $27.5 Million” which appeared on Bloomberg Businessweek on March 18, 2014.