Colony Hills Capital Purchases Windfield Senior Estates, Windfield Family Estates
Colony Hills Capital (CHC), based in Wilbraham, announced it recently purchased Windfield Senior Estates and Windfield Family Estates, a combined 160-unit multi-family apartment community located in nearby Hadley. It was purchased for $14,035,000 on Oct. 23. Built in 2002, the property consists of 80 independent senior apartments and 80 family apartments. The property was originally developed and financed using the LIHTC (Low Income Housing Tax Credit) program and currently has income and rent restrictions on 80% of the units. The community is located just off Route 9 in close proximity to UMass Amherst. It is also within a mile of top retailers such as Whole Foods, Target, Walmart, Trader Joe’s, LL Bean, and numerous restaurants and entertainment venues. Windfields also offers direct access to the Norwottuck Branch Rail Trail, part of the 104-mile Mass Central Rail Trail system.