Riverpointe Townhouses, near Niagara U., sold for $5.65M

Real estate investor Jeff Williams has added to his portfolio of apartment holdings by acquiring the Riverpointe Townhouses, a 106-unit complex that neighbors Niagara University.

Williams, through his Riverpointe Properties LLC, paid $5.65 million for the complex, acquiring it from an investment group headed by businessman John Hutchins. The sale price was a near record for a multi-family property in Niagara Falls.

Riverpointe is located on University Court and literally adjoins the Niagara University…