JLL completes sale of 209 apartment units in downtown New Haven as investor demand remains strong
NEW HAVEN, Conn. — JLL Capital Markets has completed the second of two multifamily property sales in downtown New Haven totaling more than $40.85 million and encompassing 209 apartment units across three residential buildings.
The latest transaction involved the $20.6 million sale of Campus View Apartments and Traymore Apartments, two historic multifamily properties located in New Haven’s Dwight neighborhood. JLL represented seller C.A. White in the transaction, while CSRE Group acquired the portfolio.
The sale follows a separate transaction arranged by JLL earlier this year involving the 83-unit Centerpointe Apartments, which sold to The Simon Konover Company for $20.25 million in January.
Together, the two deals highlight continued investor interest in New Haven’s multifamily housing market, particularly properties located near major educational and medical institutions.
Campus View Apartments, located at 84 Howe St., was originally built in 1925 and includes 77 apartment units ranging from studios to two-bedroom layouts. The property has undergone upgrades featuring modern finishes and includes an outdoor community courtyard.
Traymore Apartments, located at 120 Dwight St., was built in 1920 and contains 49 units, including studio, one-, two-, and three-bedroom apartments. The building combines historic architectural details with modern amenities and offers views of the New Haven skyline.
Both properties are located near Yale University and Yale New Haven Hospital, two of the city’s largest economic and employment drivers. The area’s concentration of students, faculty, healthcare workers, and professionals has helped sustain strong demand for rental housing in recent years.
“JLL ran a competitive process which ultimately procured several offers varying from portfolio bids to single asset offers,” said Steve Simonelli, senior managing director at JLL Capital Markets. “CSRE Group was ultimately chosen given their portfolio offer and aggressive pricing, demonstrating continued investor confidence in the New Haven multifamily market.”
JLL noted that New Haven’s multifamily sector continues to benefit from the city’s strong institutional anchors, including Yale University and Yale New Haven Hospital, which attract a steady population of renters seeking housing close to work and campus amenities.
The properties are also located near downtown retail, restaurants, and cultural attractions, adding to their appeal for residents seeking walkable urban living options.
The JLL Capital Markets Investment and Sales Advisory team handling the transaction included Senior Managing Director Steve Simonelli, Managing Directors Henry Schaffer, Jon Bryant, and John Flaherty, along with Analyst Anthony Nakhle.
According to JLL, the successful transactions underscore the continued strength of the New Haven apartment market and investor appetite for well-located historic properties with stable occupancy and long-term value-add potential.
