Home Properties lands New York apartment complex

Rochester, N.Y.-based Home Properties has purchased Windsor Village at Hauppauge, a 297-unit apartment complex in Hauppauge, N.Y., for $46.5 million. Boston-based General Investment & Development Co. was the seller. Cushman & Wakefield’s Metropolitan Area Financial Services Group, based in East Rutherford, N.J., and The Apartment Group, an Atlanta-based company owned by Cushman & Wakefield, represented the seller in the transaction.

Windsor Village at Hauppauge was 99% leased at the time of the transaction. The complex, which features one- and two-bedroom units, has maintained an average occupancy rate of more than 95% during each of the last 10 years. Amenities include a fitness center, a playground, an outdoor pool, and tennis and basketball courts.

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