A seven-property multifamily portfolio in Northern New Jersey has been sold to an unnamed international investor for $146 million. CBRE vice chairman Jeffrey Dunne, who brokered the deal on behalf of Roseland-based Murnick Property Group, told The Real Deal that the transaction closed Tuesday and attracted more than 33 offers. Dunne noted that Class B suburban apartment buildings are beginning to garner interest from New York investors in light of recent rent reforms that have roiled New York’s […]
source https://therealdeal.com/tristate/2019/07/30/seven-property-north-jersey-multifamily-portfolio-trades-for-146m/#new_tab
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