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Flanders West Apartments
Southington, CT 06489

Acquired

9/29/2008

Location

Flanders West is set away on 14 acres in a country setting in Southington, CT.

Description

Flanders West is a 145 unit mid-rise apartment community located in Southington, CT. The property provides affordable age-restricted housing to residents over 55, and holds great appeal for the aging population of Southington and its neighboring town. Almost all the residents come from a radius of 5 miles around the property. The property was acquired as part of a portfolio of government-subsidized housing in the Waterbury region in partnership with Beacon Communities, an experienced housing management and investment company in New England.

Investment Rationale

In-place government contract provides stability of cash flows with future upside
Project has a lengthy waiting list of residents
Contributes to the mission of USA Fund to provide affordable, quality housing




Fund Ownership

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF