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Two luxury multifamily developments in Stamford, 750 Summer St. and 163 Franklin St., have been acquired for $41.3 million.
The 750 Summer St. property was formerly known as The Verano and is a six-story, 58-unit building constructed in 2012. The 163 Franklin St. property was formerly known as The Moderne and is a four-story, 58-unit building constructed in 2013.
The two properties last changed hands in July 2018 for $35 million.
JLL represented the seller, Navarino Capital Management LLC. KABR Group acquired the assets in a joint venture with a private family office and secured debt from Greystone & Co.
Photo: 750 Summer St.
