Institutional Property Advisors Brokers 432-Unit Multifamily Sale in Suburban Hartford Connecticut
February 24, 2026
WINDSOR, Conn., Feb. 23, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale of Rivers Bend Apartment Homes, a 432-unit multifamily asset in Windsor, Connecticut.
“Rivers Bend is a value-add asset that draws upon a renter pool of nearly 24,000 people with average annual household income over $120,000,” said Victor Nolletti, IPA executive managing director investments. “All direct-entry homes highlight this asset, which is positioned for a significant value-add execution, including unit upgrades, operational upside through consolidation of management operations, stabilized market economic vacancy, and recapture of organic loss-to-lease.” Nolletti and IPA’s Eric Pentore and Wes Klockner represented the seller and procured the buyer, Charger Ventures.
The property is located along the Farmington River, close to Interstate 91, within a short commute of employers such as Voya Financial, Amazon, United Technologies, Cigna, and SCA Pharmaceuticals. Residents are close to shopping, dining, and entertainment in nearby Hartford, Simsbury, Avon, and West Hartford. Commuter rail service is two miles away at Windsor Station and Bradley International Airport is within a short drive.
Constructed in 1973 on 81 acres, Rivers Bend Apartment Homes features 33 one- and two-story residential buildings with a mix of 324 two-bedroom/one-and-a-half-bath townhomes and 108 one-bedroom/one-bath garden-style apartments. Shared amenities include a new community center, an updated fitness center, walking trails, boating and fishing access, and a resort-style outdoor swimming pool. Apartments have private direct entries, individual patio areas with sliding glass doors, front courtyards, and backyards.
“Rivers Bend is a value-add asset that draws upon a renter pool of nearly 24,000 people with average annual household income over $120,000,” said Victor Nolletti, IPA executive managing director investments. “All direct-entry homes highlight this asset, which is positioned for a significant value-add execution, including unit upgrades, operational upside through consolidation of management operations, stabilized market economic vacancy, and recapture of organic loss-to-lease.” Nolletti and IPA’s Eric Pentore and Wes Klockner represented the seller and procured the buyer, Charger Ventures.
The property is located along the Farmington River, close to Interstate 91, within a short commute of employers such as Voya Financial, Amazon, United Technologies, Cigna, and SCA Pharmaceuticals. Residents are close to shopping, dining, and entertainment in nearby Hartford, Simsbury, Avon, and West Hartford. Commuter rail service is two miles away at Windsor Station and Bradley International Airport is within a short drive.
Constructed in 1973 on 81 acres, Rivers Bend Apartment Homes features 33 one- and two-story residential buildings with a mix of 324 two-bedroom/one-and-a-half-bath townhomes and 108 one-bedroom/one-bath garden-style apartments. Shared amenities include a new community center, an updated fitness center, walking trails, boating and fishing access, and a resort-style outdoor swimming pool. Apartments have private direct entries, individual patio areas with sliding glass doors, front courtyards, and backyards.
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.