The Avalon apartment complex on River Rd. in Wilton Center has been sold for $65.1 million, according to property records and the town clerk’s office. The 102-unit property at 25 River Rd., which has been owned by an Avalon-linked* company since 1995, was sold by AvalonBay Communities Inc. on Jan. 3, 2025, to a buyer listed as CPT Wilton, LLC on town documents.
CPT Wilton, LLC, filed as a CT Foreign LLC on Nov. 29, 2024. Business records show the registered agent for CPT Wilton is Boston-based C T Corporation System. The CT Secretary of State website lists AEW Core Property Trust Holding, LP — one of the largest real estate investment managers in the world — as the principal.
The most recent sale of the River Rd. property also represents the end of AvalonBay’s presence in Connecticut. Avalon Wilton was the last remaining property owned by AvalonBay in the state.
Along with the sale of the 12-acre property, the apartment community now has a new name: “Hayworth Wilton.”
Tenants learned of the news in a letter informing them of the name change and introducing a new management company for the complex. Bozzuto, a Maryland-based real estate firm that develops, builds, and manages apartments and condominium/townhouse residences, is described in the letter as “the only management company in the nation to have been named #1 for resident ratings and reviews seven years in a row.”
The Bozzuto website lists 21 states where their properties are located. In Connecticut, Bozzuto lists 11 other properties in addition to Hayworth Wilton, including apartments in Darien, Norwalk, Stamford, Fairfield, Danbury and New Haven.
The Bozzuto website is already promoting available Hayworth Wilton units. Currently, there are eight units available for rent, priced between $4,400+ and $4,932+. Bozzuto describes Hayworth Wilton as “nestled in the charming town of Wilton CT” offering two- and three-bedroom apartments.
Nestled in the charming town of Wilton, CT, Hayworth Wilton on River Road offers beautifully renovated two- and three-bedroom apartments. Designed with modern living in mind, each home boasts spacious interiors that blend comfort and functionality. Residents can unwind by the pool, stay active in the fully equipped fitness center, and enjoy the convenience of nearby parks, shopping, and dining. Combining serene surroundings with easy access to local amenities, Hayworth provides the perfect place to call home.
Friday afternoon, a representative for Bozzuto Management Company sent the following comment about the changeover from Bozzuto Managing Director of Operations Nancy Goldsmith:
“We are excited to bring our expertise in property management to Hayward Wilton and deliver exceptional service and create a welcoming and vibrant sanctuary to call home. At Bozzuto, we are dedicated to creating communities that are not just places to live, but places to thrive. Our commitment, and our work alongside the team at Hayward Wilton, will further enhance the living experience for all residents.”
The property sale was the second such transaction that AvalonBay has made with a multi-family housing community located in Wilton. In December 2020, Avalon sold its 100-unit Avalon Wilton development on Danbury Rd. to Clarion Partners for $34.75 million.
In addition to the 2020 sale of Avalon Wilton, the company unloaded multiple CT properties over the last few years, including apartment complexes in Norwalk, New Canaan and Darien.
*Since 1995, Avalon was owned by Avalon Properties Inc. In 1998, that company merged with Bay Communities to become AvalonBay.
Editor’s note [original post]: As of publication time, efforts to speak with Bozzuto representatives have been unsuccessful.
Update, Friday, Jan. 31, 12:30 p.m.: This article has been updated to include a comment from Bozutto sent by a press representative following publication of the original story.