Apartment Complexes Near UConn Sell for More than $20 Million

STORRS, CT — Five student apartment complexes surrounding the University of Connecticut’s main campus has been sold as a cluster for $20.25 million, the facilitator, Chozick Realty Brokers, said on Tuesday.

The portfolio consists of 231 units with a mix of 95 one bedroom and 136 two bedroom apartments, Chozic's Tom Boyle said.

In 2012 Boyle and Rick Chozick brokered the sale of these properties to Storrs
Acquisition LLC. Under the management of Herbert & Ari Berezin of Mount Holyoke
Management LLC, the properties were "repositioned, units improved, rental rates substantially
increased and occupancy brought to 100 percent," Boyle said.

Chozick represented the seller and procured the purchaser.

Here is the breakdown of the portfolio:

• Knollwood Apartments, 101 South Eagleville Road, 125 units.
• Oakwood Apartments, 114 South Eagleville Road, 10 units.
• Clubhouse Apartments, 3 Clubhouse Circle, 44 units.
• Maplewood Apartments, 1 Carlton Road, 40 units.
• Millbrook Apartments, 170 Spring Hill Road, 12 units.