Avalon Bay has sold the 340-unit Eaves Trumbull Apartments complex to Paredim Partners, LLC for $70.25 million. The property was purchased in partnership with LEM Capital. Paredim plans to make “value-enhancing renovations” and rebrand the complex.
The Eaves Trumbull Apartments is a 340-unit apartment complex, located on 38 acres. The site is in close proximity to the Merritt Parkway and Route 8. The complex boasts amenities such as a pool, an indoor basketball court, and an 11,000 square foot clubhouse. Unit types include one, two, and three-bedroom apartments, with both loft and flat style floor plans.