{"id":2192,"date":"2018-09-05T10:30:51","date_gmt":"2018-09-05T10:30:51","guid":{"rendered":"https:\/\/palladiumcapital.com\/?p=2192"},"modified":"2019-02-28T10:33:25","modified_gmt":"2019-02-28T10:33:25","slug":"palladium-capital-advisors-raises-20000000-in-equity-for-466-unit-108-5m-multifamily-building-in-danbury-ct","status":"publish","type":"post","link":"https:\/\/www.palladiumcapital.com\/palladium-capital-advisors-raises-20000000-in-equity-for-466-unit-108-5m-multifamily-building-in-danbury-ct\/","title":{"rendered":"Palladium Capital Advisors Raises $20,000,000 in Equity for 466-Unit $108.5M Multifamily Building in Danbury, CT"},"content":{"rendered":"<p><a href=\"https:\/\/palladiumcapital.com\/wp-content\/uploads\/2019\/02\/CROWN-POINT-APARTMENTS.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-2183 alignright\" src=\"https:\/\/palladiumcapital.com\/wp-content\/uploads\/2019\/02\/CROWN-POINT-APARTMENTS-263x300.jpg\" alt=\"\" width=\"263\" height=\"300\" srcset=\"https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2019\/02\/CROWN-POINT-APARTMENTS-263x300.jpg 263w, https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2019\/02\/CROWN-POINT-APARTMENTS-150x171.jpg 150w, https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2019\/02\/CROWN-POINT-APARTMENTS.jpg 570w\" sizes=\"(max-width: 263px) 100vw, 263px\" \/><\/a>NEW YORK\u2013Palladium Capital Advisors, LLC was responsible for the equity portion of the financing for the following transaction.<\/p>\n<p>Danbury\u2019s Crown Point Apartments, a 466-unit development, was sold for $108.5 million. CBRE represented the owner, an affiliate of Norfolk, Virginia-based Harbor Group International LLC, in the sale and also procured the buyer, who was not publicly identified.<\/p>\n<p>Located at 50 Saw Mill Road, the property was built in two phases in 2007 and 2011. Amenities include two clubhouses, each with a fitness center and a swimming pool. CBRE stated that the property offered a \u201cvalue-add opportunity\u201d for the new owner because all of the apartments have original finishes that can be upgraded to generate additional rent premiums.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK\u2013Palladium Capital Advisors, LLC was responsible for the equity portion of the financing for the following transaction. Danbury\u2019s Crown Point Apartments, a 466-unit development, was sold for $108.5 million. CBRE represented the owner, an affiliate of Norfolk, Virginia-based Harbor Group International LLC, in the sale and also procured the buyer, who was not publicly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/2192"}],"collection":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/comments?post=2192"}],"version-history":[{"count":0,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/2192\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/media?parent=2192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/categories?post=2192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/tags?post=2192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}