Market News

New Apartment Development Fetches $70 Million from Foreign Investor

November 2017 – New Haven’s apartment market continues to show strong demand from the investment community.  Centurion Corporation Limited, a Singapore based fund recently purchased 200 College Street, New Haven for $70 million. The company specializes in renting high end apartments to college students in the United Kingdom, Malaysia, Singapore and Australia under the brand Dwell Students LLC.  The per unit purchase equated to over $400,000  per unit, a record deal for a New Haven apartment complex. The building was constructed in 2015. It has 160 apartments and over 18,000 square feet of retail space. It includes a fitness center, a yoga studio, a study area, a lounge, outdoor space and parking. Dwell plans to rent to doctors, researchers, professors and students. It is close in proximity to Yale University.    
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