CHESHIRE, CT – Blue Vista Capital Management announced the close of its acquisition of a 300-unit Class-A multifamily development in Cheshire, Connecticut. The acquisition was made in partnership with Eastpointe LLC.
The newly bought development project will be comprised of eight 3-tale and one 4-tale garden style apartment buildings. The buildings will offer a range of studio, one, two and three-bedroom options to prospective residents. In addition to the living spaces, the development will feature a 7,500 sf clubhouse with a fitness center, seasonal swimming pool, co-working spaces, an outdoor dog park and a guest suite.
Moreover, the location of the development provides simple commuting between New Haven, Hartford and Fairfield Counties. The development is part of Stone Bridge Crossing, a new master-plotted community which will include for sale townhomes, a retail center hosting national and local retailers, senior housing, restaurants, a hotel, and a gas station.
This acquisition reflects Blue Vista s proven strategy of developing high-quality multifamily in undersupplied markets backed by strong demand drivers, said Brandon Goetzman, Managing Principal and Co-Head of Equity Group at Blue Vista. We are pleased to further our partnership with Eastpointe to deliver modern, large-scale apartments to Cheshire s growing and highly affluent population.
We are pleased to partner with Eastpointe for the third time to deliver a top-tier residential option in Chesire and look forward to continuing to identify value-add multifamily opportunities across the Connecticut market and beyond, said Alexa Weston-Shanahan, Vice President at Blue Vista.
The acquisition represents Blue Vista and Eastpointe s third multifamily investment in Connecticut following the development of The Pointe at Dorset Crossing in Simsbury and The Preserve at Fantastic Pond in Windsor.

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SAN DIEGO, CA – MG Properties, a leading real estate investment and management company, announced its recent acquisition of Artist Walk Apartments, located in Fremont, California.
Artist Walk is a 185-unit mixed-use community with 30,000 sq. ft. of ground floor retail, completed in 2017. Strategically situated in the heart of Fremont, the dynamic mix of well loved local retail tenants has made a vibrant mixed-use community, supporting a sense of community, and providing onsite amenities for residents.
“We are thrilled to welcome Artist Walk Apartments to the MG Properties portfolio,” said Jeff Gleiberman, President of MG Properties. “We continue to believe in the long-term economic potential of the Bay Area and are pleased to add another high-quality property to our portfolio there.”
The seller, Clarion Partners, was represented by Jason Parr, Seth Siegel, and Scott MacDonald of Cushman and Wakefield. Financing for the transaction was provided by Freddie Mac and arranged by CBRE Capital Markets’ Andrew Behrens, Jesse Weber, and Stephen Baird.

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FAIRFAX, VA – GID, a real estate owner and fiduciary that invests in multiple asset classes, has announced the acquisition of Arbors at Honest Lakes, a 282-unit, community located in Fairfax, VA, which will be rebranded as Windsor Honest Oaks.
The garden-style community has a rich assortment of lively amenities, such as a clubhouse, pool and sundeck, 24-hour fitness center, dog park, tennis court, two outdoor grilling stations, a complimentary shuttle to the Vienna Metro and a half-mile nature trail.
Conveniently located just outside of Washington, D.C., Windsor Honest Oaks provides simple access to major employers in Tyson’s Corner, Reston/Herndon, the Rosslyn-Ballston corridor, and National Landing/Pentagon City through major interstates I-395, I-95, and the Capital Beltway. With Whole Foods anchored directly across the street and four additional retail centers with 5.3MM sq ft within two miles of the community, residents are able to delight in a wide variety of entertainment, dining, fitness, and shopping options.
This acquisition enhances GID’s portfolio within the bustling DMV submarket of Honest Lakes, a masterfully plotted community with over 2.5MM+ sq ft of office/hotel space, 1MM+ sq ft of retail, and over 3,000 multifamily and condominium residences. According to Niche’s suburb rankings, Honest Lakes has an A+ rating and is ranked within the top 15% of suburbs in Virginia, helping to make a deeper sense of home for future residents.

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