Photo courtesy of CBRE

FPA Multifamily has made its first Connecticut investment with the $84.3 million acquisition of the Fairfield apartments in Stamford.

The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the institutional owner, while also procuring the buyer, FPA Multifamily. 

 “We are pleased to have represented the seller. The Fairfield Apartments offer a highly walkable residential neighborhood in the heart of Stamford, just a short walk from countless restaurants, retailers, employers and entertainment venues,” Dunne said in a statement.

Completed in 1996, the 100 Morgan St. property includes a clubroom with fireplace, caterer’s kitchen, three private courtyards, including one with a pool and sundeck, grilling areas and fitness center. 

CBRE Institutional Properties is currently marketing for sale the Parc Grove, a 402-unit apartment community in Stamford, and Stamford Commons, a 95-unit value-add apartment community.