K5 Equities scoops up Ahron Rudich’s Stamford multifamily buildings
K5 Equities added two Stamford apartment complexes to its portfolio in a $57.2 million deal. The White Plains-based private equity real estate firm acquired Daycroft Apartments and Hamilton Gardens from Brooklyn’s Hamilton Daycroft LLC, according to Westfair Communications. The firm paid $33.2 million for Daycroft and $24 million for Hamilton Gardens, both of which were appraised last year below the sale prices. The deal for the combined properties breaks down to $304,000 per unit. The seller behind the shell company is Ahron Rudich, principal of Empire Realty USA, according to the Hartford Business Journal. Rudich faced pressure from residents to […]
This article originally appeared on The Real Deal. Click here to read the full story.
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