"It was a hard-fought deal," Pantzer VP Jordan Pantzer, tells GlobeSt.com, adding that firm won a bidding war with approximately 50 to 60 bidders. He also says that the multi-phase deal took approximately 10 months and involved "a lot of structuring."

Alexan Brookhaven contains 795 luxury rental units in total, with 597 apartments and town homes in Phase I and 198 in Phase II. The property--including both phases--is situated on 117 acres and has two full-service clubhouses, four swimming pools, three tennis courts and 14 ponds.

"It's a well-planned out community," Jordan Pantzer says, adding that it's the biggest apartment community in Suffolk County. "There are seven apartments per acre. It has a very uncluttered feel."