Rhodium Capital Advisors inks $30.5M deal for 14 Bridgeport apartment buildings

A total of 462 apartment units in Bridgeport sold for $30.5 million to New York-based Rhodium Capital Advisors in partnership with real estate private equity firm and alternative credit provider Firm Capital Organization, the companies announced Wednesday. The 14-building portfolio includes one 179-unit complex and 13 smaller buildings around the city. Rhodium said that it plans to spend $1 million on capital improvements and an additional $1.6 million to modernize the units. Matt Cawley of United Multi Family brokered the sale. [FBJ]