New York City-based GAIA Real Estate has acquired five Class A residential buildings at Stamford”™s Harbor Point for approximately $395 million. Purchased from Harbor Point owners Building and Land Technology and the Lubert-Adler Real Estate Funds were Postmark 
Apartments, 111 Harbor Point, Vault, The Key at Yale & Towne, and The Lofts at Yale & Towne. Together, the acquisition totals 1,214 apartment units.
GAIA Managing Partner Danny Fishman said the buildings”™ quality and proximity to both New York City and local job markets made the deal “a compelling long-term core investment with substantial upside,” and indicated his firm could be in the market for additional Harbor Point pick-ups.
With the capacity to build 2,400 additional apartment units, including 400 currently under construction, as well as a growing restaurant and retail scene and its proximity to the waterfront, Harbor Point is expected to continue to grow into “Stamford”™s most dynamic neighborhood,” according to BLT.
