Hartford Business Journal

HBJ062424UF

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HARTFORDBUSINESS.COM | JUNE 24, 2024 35 Thuyan Tran A s a managing partner at commercial real estate firm Oxford Realty, Thuyan Tran is one of the region's most active multifamily property brokers. She has led the successful sale of numerous large multifamily invest- ment portfolios, totaling over $200 million in sales transactions. So far in 2024, Oxford brokered a dozen real estate deals for single- family, multifamily and mixed-use properties in Hartford, Waterbury, Bristol and New Britain, containing nearly 90 units and totaling more than $6 million. Deals this year have included the sale of a 37-unit Hartford apartment portfolio for $1.8 million; a three- building Bristol multifamily property for $1.19 million; and a 10-unit, mixed-use apartment building in Waterbury for $952,000. Oxford currently has more than 18 active listings, including several rentals available in Hartford's Parkville neighborhood. In 2023, Oxford brokered more than 50 real estate deals, including three Waterbury multifamily portfolios each selling for close to $3 million. Prior to launching Oxford Realty, Tran was a senior commercial real estate advisor at Berkshire Hathaway HomeServices New England Prop- erties where she ranked in the top 0.05% of the network. She holds a business and marketing degree from Central Connecticut State University and is fluent in both English and Vietnamese. Tran earned the 2020 Costar Power Broker for Hartford County recognition. POWER 25 | REAL ESTATE Personal Banker Relationship Satisfaction Rate To see why, visit a branch or call us today! 96 % * *Rivel Research Group TM IonBank.com 203.729.4442 TOP LENDER 2023 Member FDIC Equal Housing Lender Neil Rubler N eil Rubler founded Vessel Technologies with a new approach to addressing the national housing shortage. His firm's strategy is to quickly and efficiently build prefabricated and "attainable" apartments geared toward middle-income residents like firefighters, teachers, munic- ipal employees, young people and senior citizens. And he's targeted Connecticut as a major growth market, with nearly 250 new apartments under construction or approved in the state, including in New London, Simsbury, Granby, Rocky Hill and Cheshire. Vessel's development model relies on using prefabricated apartments that are more "panelized" as opposed to modular. Panels that make up a building — like walls, ceilings and floors — are built off-site, broken down, packed and shipped flat, then reassembled on-site. Each Vessel apartment building follows a near identical architectural design and engineering blueprint, reducing the time and cost for each development, Rubler said. Properties are primarily made up of one-bedroom apartments targeted at residents who don't qualify for subsidized housing, but for whom luxury or even market-rate rents are out of reach. Rubler's first Connecticut project in New London is a five-story apartment building, at 174 Bank St., with 30 one-bedroom units. The building is expected to begin accepting tenants next month. Since pitching that first develop- ment, Rubler's firm has been making its way across the state in search of new opportunities. Rubler has been a prominent developer and landlord in New York for years, and his expansion in Connecticut hasn't been without head- aches. The firm has received intense opposition on some of its proposed projects, including in Simsbury and Glastonbury, that have created some regulatory roadblocks. All Power 25 Real Estate profiles are on our website: HartfordBusiness.com

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