Four summers back, some doubted the multifamily development boom sweeping Fairfield County, Connecticut, would draw enough renters. Then last year Covid prompted urbanites to plunder exurban home markets, demand trickled over into rentals and the leasing markets of southwest Connecticut got hot. And they have stayed that way even as New York City has reopened and many returned. PGIM Real Estate is the latest to cash in on the demand. The global investor offloaded Parc The post PGIM gets $154M for Stamford apartments as rental market heats up appeared first on The Real Deal New York.
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