SKG Living at River Park at 1181 Morris Ave. in Union Township — Courtesy: SKG Capital
By Joshua Burd
SKG Capital has all but leased up a 36-unit luxury apartment building in Union Township, touting the property’s continued momentum after acquiring it last year for $15 million.
The firm said the community, located at 1181 Morris Ave., remains more than 95 percent occupied and tracks other housing in its portfolio. It also reflects continued demand for well-located, commuter-friendly rental assets in New Jersey, the landlord said, touting its proximity NJ Transit’s Union station, Kean University and nearby restaurants as well as major highways and regional employment centers.
“SKG Living at River Park reflects the type of asset investors and tenants desire: modern, well-located housing in a high-demand New Jersey submarket with strong commuter access,” said Sanjay Garg, founder and managing principal of SKG Capital. “After one year of ownership, we’re pleased with the property’s performance and remain committed to delivering a high-quality living experience for residents while creating long-term value.”
According to a news release, the firm’s acquisition came as New Jersey’s multifamily market rebounded sharply, with sales volume reaching $2.3 billion in 2025, according to data from Cushman & Wakefield. That marked a 136.2 percent year-over-year increase, as investors returned to the sector amid record statewide occupancy of 94.1 percent and continued demand for well-located, transit-oriented communities.
Acquired in June 2025, SKG Living at River Park includes 36 residential units and some 1,650 square feet of ancillary retail space. The four-year-old building also has amenities such as a 24/7 fitness center, a community lounge and rooftop space.
