A newly formed company last week acquired seven residential properties in New Canaan for a combined $5.1 million, records show, including three contiguous homes on East Avenue totaling .8 acres. All of the properties—they’re multifamily dwellings on East Avenue, as well as Mead Street, South Avenue and Park Street (see below)—were sold by New Canaan Country School. It isn’t clear just who the buyer is. Created in June, the company that acquired the properties—called ‘New Canaan Realty Partners LLC’—is itself owned by a New York City-based limited liability company, according to Connecticut Secretary of the State records.
That company is called ‘Capricorn Investment Group LLC’ and is based in New York, N.Y., the records show—yet a search of the New York Secretary of State’s business filings show no such company.
A California-based ‘Capricorn Investment Group LLC’ does exist, however—one of its managing directors is a Canadian billionaire who had worked as eBay’s first president. A woman who answered the phone there Thursday said she could not confirm or deny that it was the same Capricorn that purchased the New Canaan properties. Continue Reading →