The Wescott apartments in Stamford sell for $67M

TH Real Estate (an affiliate of Nuveen, a TIAA company) sold The Wescott apartment community for $67 million to a private New Jersey-based investment group. The 261-unit residential property on Washington Boulevard also has 8,500 square feet of vacant commercial space. Built in 1986, The Wescott has been renovated over the last five years, with most of the apartments featuring new kitchens and bathrooms. [Real Estate Weekly]