Representatives of CBRE, led by Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler announced the sale of Residences at Brentwood, a 240-unit apartment community in North Providence, Rhode Island.
CBRE, Inc represented the seller, TMI The Residences at North Brentwood, an affiliate of Wellesley-based Taymil Partners, and procured the buyer, FPA Multifamily, LLC.
Residences at Brentwood was built in 1987. The property has a complete amenity package, including an indoor and outdoor pool, fitness center, and expansive clubhouse. It offers easy access to downtown Providence and I-295.
CBRE’s Simon Butler said, “We are pleased to have represented Taymil Partners in the sale of Residences at Brentwood. The property offers FPA the opportunity to create strong returns through their value-add execution.”
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction, and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
