The Royce at Trumbull

Description

1.8x multiple and 43% irr.

 

Fairfield County is one of the most affluent areas in the nation where nearly half of all residents over the age of 25 hold a bachelors degree or higher. Trumbull offers one of the top public schools in Connecticut making it a desirable option for young families. The Royce at Trumbull is less than 90 minutes from Grand Central and only 35 minutes from Stamford.

 

The building is a class A asset that offers newly remodeled amenities. The clubhouse has a two-level fitness center including a Fitness on Demand Cardio/Yoga Studio. The outdoor swimming pool has been remodeled to rival a 5-star hotel d├ęcor. The clubhouse features an indoor basketball court and onsite management. There is covered and garage parking. The building has beautiful outdoor lounge and barbeque areas. On the premises is a private children’s park equipped with a state-of-the-art jungle gym. The apartments are larger than any A-class building in the vicinity and offer gas cooking, built-in microwaves, dishwasher, walk-in closets, washer/dryer, central AC, and private patios or balconies. This Connecticut gem presents a rare value-add asset with proven results and currently performs within the core asset class.