Fairfield father-son development team makes big bet on increasingly popular single-family housing rentals

A Fairfield developer has purchased a 42.1-acre vacant piece of land in Milford for $1.5 million from AvalonBay Communities Inc., with plans to build a 160-unit housing complex on the site. Brad Kligerman, CEO of Fairfield-based multifamily developer Connecticut Realty Trust, confirmed that he is buying the parcel, at Wolf Harbor and Wheelers Farm roads, from the Arlington, Virginia-based housing giant. “I’m looking to be collaborative with the town and find a way to get this project off the ground,” he told the Hartford Business Journal.

Bard brings a unique buisness philosophy to his operation. CT Realty Trust is focused on creating clean and safe assets where his residents are happy to live. He's succesfully reduced his vacancy rates, well below the general market, and he has strong, long-standing partnerships with his residents.‍

Bard Kligerman is a seasoned real estate developer with over two decades of experience. Co-founding CT Realty Trust (CRT) in 2009 with his father Robert, Bard has led the firm to invest over $220M in a variety of real estate ventrues including single-family communities and multifamily apartments throughout Connecticut.