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 | | Flanders West ApartmentsDarling Street
Southington, CT 06489 |
Acquired: 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. Major Tenants
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
USA Fund: Click Here for more USA Fund Information |