Storrs, Conn. — Close to Hartford with high barriers to entry, Storrs is a supply-constrained market.
Storrs, Conn. — A portfolio of five student apartments near the University of Connecticut has traded for $16.1 million. Rick Chozick and Tom Boyle of the Hartford office of Chozick Realty, Inc., represented the seller, RRE VIP Mansfield LLC, and procured the buyer, Storrs Acquisitions LLC. This residential portfolio consists of 231 units with a mix of 160 one-bedroom and 199 two-bedroom apartments. According to Chozick, Storrs is a supply-constrained market with extremely high barriers to entry and limited off-campus student housing. In 2011, there were a reported 15,474 applications submitted by students for the 12,600 beds available on campus.