KRE Group and an investment partner have paid $70 million to acquire a 228-unit rental community in Springfield, marking its latest step to grow its value-add multifamily business.
Brokers with Gebroe-Hammer Associates have made the most of their home field advantage in recent months, closing 15 different multifamily sales in Essex County in the past 90 days.
A midrise apartment building in Morristown has traded hands for $18.5 million, the largest among more than $50 million worth of recent investments sales orchestrated a veteran broker with Gebroe-Hammer Associates.
