Brookgate Apartments in Torrington. Courtesy photo

Three apartment communities in northwestern Connecticut have been acquired for a combined $12.4 million.

Yellowstone Property Group of Monsey, New York bought the 187-unit portfolio, which includes 13 Wallens St. in Winsted along with 441 Winthrop Court and 451 Harwinton Ave. in Torrington.

Northeast Private Client Group represented the sellers, Still River Mill Apartments, Brookgate Apartments and Winthrop Apartments, all based in Ansonia. The price equates to a cap rate of 7.3 percent on the properties’ current net operating income.

“This portfolio of quality, stabilized assets in secondary and tertiary markets is poised to take advantage of the trend of areas with nominal rents experiencing the highest year-over-year rent growth,” Brad Balletto, Northeast Private Client Group’s vice president of investments, said in a statement. “Best-in-class rental options in peripheral markets like these represent a win-win proposition for buyers by offering immediate cashflow and expected revenue growth without the need to reposition the assets.”