One Danbury apartment complex sells for $31M as a nearby Greystar-owned complex goes on sale

The 135-unit Willow Grove apartment complex in Danbury sold for $31 million last week. Beachwood Residential, represented by Jeffrey Dunne, Gene Pride and Eric Apfel of CBRE, sold the renovated apartments to FRG, an affiliate of San Francisco-based Friedkin Realty, the News-Times reported. Another Danbury complex, 1 Kennedy Flats, just hit the market. Greystar Real Estate, which owns and developed the 374-unit complex, said selling the newly finished project was always part of the company’s plan. CBRE is representing the sellers. [The News-Times]