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Squires arranges off-market sale of 10 properties with 540 units Kislak sells Union County, NJ multifamily portfolio for $90 Million
ISSUE HIGHLIGHTS Volume 38, Issue 1 January 2026 3-15A 2026 FORECAST HORVATH & TREMBLAY SELLS 3 MID-ATLANTIC RETAIL PROPS.
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making an effort to position our company for future success by diversifying geographically and improving the product type we own and manage. New Jersey will always be the center of our universe and we are excited about future development and acquisitions here, but we also feel it is healthy to have a pres- ence in other markets as well.” Squires said, “The sale of the portfolio represents an extraor- dinary value-add opportunity for the purchaser to acquire over 500 well-maintained units in some of the strongest rental markets throughout northern NJ. Most of the properties had been owned and managed by the original developer’s family across three generations.” The portfolio includes a mix of studio apartments, one- bedroom units and two bed- room units in suburban garden apartment complexes through- out Union County, all with on-site parking and a variety of amenities. All of the prop- erties are well located among an abundance of commercial offerings and convenient mass transit options to and from NYC and throughout northern and central NJ. MAREJ associate director Natalie Hershey ,VP Patrick Cun - ningham and senior analyst Mac Ritchie of Berkadia DC Metro secured a $41.953M Freddie Mac acquisition loan on behalf of the buyer. The property’s occupancy was fully stabilized at the time of the sale. “The Richmond metro contin- ues to demonstrate exceptional resilience, supported by a di- versified economy and strong employment fundamentals,” said White. “Triton Glen pre- sented investors with a rare opportunity to acquire a newly delivered asset in the heart of the innovative Innsbrook Cor- porate Campus – one of VA’s largest employment hubs – while seizing on growth poten- tial as first-generation leases roll post-stabilization.” MAREJ
NION COUNTY, NJ — The Kislak Company, Inc. an-
nounced the recent sale of a 10-property mul t i fam- ily portfolio t h r o u g h - out Union County for a total of $90 million. The portfolio includes the following properties. 1. Sunrise Village Apartments, 145 Jerome St., Roselle Park – 275 units 2. 127-135 East Fifth Ave., Roselle – 48 units 3. Chilton Manor, 212 Westfield Ave., Elizabeth – 39 units 4. Cheryl Gardens, 408 Chest- nut St., Roselle – 32 units 5. Riverside Apartments, 145 Dock St., Rahway – 30 units and 1 commercial space 6. 123 West First Ave., Roselle – 30 units 7. Astoria Manor, 854 West Grand St., Elizabeth – 24 units 8. Michael’s Manor, 143-147 East Fifth Ave., Roselle – 24 units 9. Briar Lane Apartments, 222 East Westfield Ave., Roselle Jeff Squires
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Union County, NJ Portfolio
Park – 23 units 10. White Rose Apartments, 214-216 East First Ave., Roselle – 14 units Kislak’s managing director Jeff Squires arranged the off-market sale on behalf of the seller and longtime client, Landmark Companies of Keasbey, NJ and its princi- pals. Squires also procured the purchaser, which was not disclosed. The sale is among
the largest multifamily sales in New Jersey in 2025 according to data available from CoStar. Landmark’s principals Mi- chael Gottlieb and Eric Harvitt completed the trans- action as part of their effort to reposition Landmark. The sale was part of an exchange of some noncore legacy properties into a more recently developed residential community in Ra- leigh, NC. They said, “We are
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UPCOMING CONFERENCES FEB 19, 2026 NJ CRE FORECAST CONFERENCE MARCH 2026 SNJ CRE FORECAST CONFERENCE For speaking & sponsorship info., please contact: Lea at 781-740-2900 or lea@marejournal.com
Berkadia arranges $65M financing of newly built multifamily community in Richmond, Virginia
RICHMOND, VA — Berka- dia has arranged the $65 million sale and $42 million financing of Triton Glen, a newly built, 250-unit class A multifamily community locat- ed in the Innsbrook submarket
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Triton Glen
of Richmond. Senior managing director Drew White , managing direc- tor Carter Wood and direc- tor Cole Carns of Berkadia Richmond represented the seller, Silver Hills , a multi- family real estate firm with projects throughout the East
Coast and Midwest. Seminole Trail Management, based in Charlottesville, acquired the property for $65 million. In conjunction with the acqui- sition, senior managing director Patrick McGlohn , manag- ing director Brian Gould , senior director Hunter Wood ,
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