
The Executive Portfolio—179 Apartment Units
Multifamily | 179 Units
Marketing description
The Executive Portfolio comprises three multifamily buildings located in the Asylum Hill neighborhood of Hartford. Family-owned and operated for the past 23 years, the portfolio was originally acquired by the family patriarch, who later brought his children into the business.
Together, the properties total 179 units, offering a diverse unit mix of 31 studios, 129 one-bedrooms, and 19 two-bedrooms. The portfolio has historically maintained strong occupancy and provides meaningful upside through continued rent growth and value-add enhancements.
The buildings have been well maintained, with significant capital improvements completed across the portfolio. At Executive House, recent investments include a full modernization of two hydraulic elevators, installation of a new hot water boiler, upgrades to select hallway flooring with LVT, and replacement of the main electrical breaker system. The Sylvia Apartments underwent a comprehensive renovation, including new mini-split HVAC systems, roofing, electrical and plumbing infrastructure, and all-new interior finishes such as kitchens, bathrooms, windows, flooring, insulation, and fire safety systems. These improvements reinforce the portfolio’s long-term stability and income-producing potential.
The Executive Portfolio offers a compelling opportunity to acquire a wellpositioned, cash-flowing multifamily asset with notable upside. Its strategic location, strong physical plant, and modernized interiors combine to create a prime investment opportunity within Hartford’s multifamily market
Investment highlights
- Three multifamily complexes located within the Asylum Hill neighborhood of Hartford
- Unit mix of 31 Studio, 129 one bedroom, and 19 two bedroom units
- Upside rental rate growth and value generation
- Historically high occupancy
- Proximity to St Francis Hospital, Aetna, The Hartford and Downtown Hartford CBD
- Covered and uncovered parking
- Some cosmetic upgrades within units
- The Executive House CapEx—New complete modernization of 2 hydraulic elevators
- The Sylvia Apartments CapEx—Complete renovation after a fire. ALL new mini-splits, new roof, new electric, new plumbing, new flooring, new sheetrock, new windows, new intercom/fire alarm, new kitchens and baths, new closets, and new insulation
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