A private investor has acquired a 134-unit apartment complex in Sussex County, under a newly announced transaction by Gebroe-Hammer Associates.
An investment and property management firm has acquired a 168-unit apartment property in Sussex County for $18 million, with plans to add value through a series of renovations.
A private investor has acquired an 18-building, 487-unit multifamily portfolio in Hudson and Bergen counties, under a $75 million deal arranged by Gebroe-Hammer Associates.
Gebroe-Hammer Associates is touting more than $1 billion in completed transactions in 2018, setting up for what it says will be a fruitful year for multifamily investment sales.
Gebroe-Hammer Associates has promoted three of its top-producing brokers to new executive management positions, following what the firm says was another banner year.
Investors have paid a combined $17.3 million for 124 residential units in Plainfield, in series of newly announced transactions by Gebroe-Hammer Associates.
More than 130 apartments in Bergen, Essex and Union counties have changed hands for a combined $18.18 million, following a series of transactions by Gebroe-Hammer Associates.
Woodmont Properties has sold a 100-unit apartment complex in Bridgewater for more than $32 million, in a sale announced by Gebroe-Hammer Associates.
Despite rising interest rates, investor demand for multifamily property in New Jersey shows few signs of slowing down through the end of the year and into 2019.