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A large Simsbury apartment complex has traded hands for $48 million, according to town property records.

The Pointe at Dorset Crossing a 168-unit development, was built between 2014 and 2015 and later sold to a New Jersey LLC controlled by apartment developer and manager CRSE Group, itself the seller in the March 28 transaction.

The buyer was New York City-based multifamily landlord Beechwold Residential, public records show.

CRSE used a $31.39 million senior loan from Freddie Mac, arranged by Michael Riccio, Susan Larkin, and Anna Paladino of CBRE Capital Markets’ Hartford team, to buy the property

“We were thrilled to once again represent Beachwold to finance their acquisition of this class A apartment property. Their hands-on approach to property management, along with this accretive long-term financing, will inure to the benefit of their ownership group.” Riccio said in a statement.

The seven-building apartment complex is located roughly 3 miles north of Simsbury’s town center. Amenities at the complex, whose average unit size is 992 square feet, include a 24-hour fitness center, shared e-bikes, a heated saltwater swimming pool, an onsite dog park, outdoor fireplace and grills, electric car-charging station, vehicle vacuum station, resident book share, a rentable guest suite and a clubhouse with free WiFi, complimentary coffee and a TV lounge.