September 2026

- DC THE MOST COMPREHENSIVE SOURCE FOR COMMERCIAL REAL ESTATE NEWS IN THE REGION

www.marej.com

Dwight Mortgage Trust provides financing for 216-unit multifamily property Drew Capital secures $70 Million in financing for Cosmo 440 in Newark, NJ

ISSUE HIGHLIGHTS Volume 38, Issue 9 September 2026 Feldman marks first year as president of Legacy

48 three-bedroom units, includ - ing 190 market-rate units and 26 affordable units. “Cosmo 440 is a good ex - ample of what we mean by understanding the full cycle of a real estate transaction,” said Drew. “We’ve worked with the ownership and the property from the construc - tion phase, through lease-up, and now into its next stage of financing. Executing success - fully requires understanding every dimension of the deal: the sponsor, the business plan, the asset, the capital structure and, in this case, the Newark market specifically. “Our approach at Drew Capital is not to simply source a loan at one point in time,” Drew said. “We want to un - derstand where an asset has been, where the ownership

is taking it, and what the ap - propriate capital looks like at each stage. This continuity enables us to advise clients and execute more effectively as their properties evolve.” Overlooking Weequahic Park, Cosmo 440 is located minutes from Newark Lib - erty International Airport, major transit lines, and uni - versity campuses including Rutgers University-Newark. The building totals 272,222 gross s/f, with 177,336 s/f of net rentable area. Amenities include a con - cierge, co-working lounge, bar and social area, fitness center, playground, and a parking garage with EV charging. Residences feature a range of high-end furnish - ings, private balconies, and oversized windows. MAREJ

ACKSON, NJ — Drew Capital , a commercial real estate finance firm based in Jackson has arranged a $70-million, non-recourse, in - terest-only loan for Cosmo 440, a 25-story, 216-unit multifam - ily property located at 440 Eliz - abeth Ave. in the Weequahic neighborhood of Newark, NJ. The loan was arranged by Akiva Drew , founder and prin - cipal of Drew Capital, which has been involved with the property through multiple stages of its redevelopment and capitaliza - tion. Drew Capital had previ - ously arranged construction financing for the building’s gut renovation, followed by lease- up financing, and has now ar - ranged the property’s latest $70 million financing. The borrower is 440 Eliza - beth NJ Urban Renewal LLC,

Peter Feldman

Cosmo 440

with Yisroel Berger as spon - sor. The financing was provided by Dwight Mortgage Trust . Built in 1969, Cosmo 440’s recent full gut renovation had transformed the tower into a modern, class A, multifamily community. The building’s 216 residences consist of 48 one- bedroom, 120 two-bedroom and

SPO TLIGHT

FALL PREVIEW

29-37

UPCOMING CONFERENCES October 1, 2026 7th Annual New Jersey Retail Real Estate and Mixed-Use Development November 12, 2026 6th Annual Philadelphia Apartment & Multifamily December 2026 5th Annual Delaware Office & Industrial For speaking & sponsorship info., please contact: Lea at 781-740-2900 or lea@marejournal.com

Aggregate Real Estate Investors acquires $58 Million industrial & retail real estate portfolio in Northern VA

FAIRFAX, VA — Aggre - gate Real Estate Investors has completed the $58 mil - lion acquisition of an 11-prop - erty commercial real estate portfolio in Northern Virginia from Clarke-Hook Corpora- tion . The assets, contained within four separate business communities in Fairfax and Loudoun counties, consist of nearly 320,000 s/f of retail and industrial space, feature more than 90 tenants, and were cu - mulatively 94% leased at the time of the transaction. The tenant mix includes retailers,

McLean Commerce Center

University Commerce Center, Ashburn

restaurants, service providers, manufacturing companies, in - dustrial and distribution users and automotive-related groups. “We are extremely familiar with the Northern Virginia real estate and business community, and adding this extremely well- located, institutional-quality portfolio perfectly aligns with our strategy of investing in high-performing and supply- constrained submarkets,” said Greg Jacobsen , managing principal of Aggregate Real Estate Investors. “These prop - erties are substantially leased by stable, creditworthy tenants and provide a strong foundation for long-term ownership where our team can create additional value. We intend to immedi - ately implement proven, pro - active management protocols,

three buildings consisting of 106,000 s/f of retail and commer - cial office space at 44921 George Washington Blvd. in Ashburn. “Fairfax and Loudoun coun - ties remain among the most vibrant and economically- healthy submarkets in the country, in part due to the above-average demograph - ics, diversity of businesses, proximity to the federal gov - ernment, and the availability of a strong labor market. We look forward to working with the existing tenants and local stakeholders as we transi - tion ownership and operate the properties for the long term. In addition, we intend to maintain an aggressive ap - proach to identifying and ac - quiring value-add real estate opportunities.” MAREJ

complete aesthetic upgrades to improve the working envi - ronments, and nurture strong tenant relationships.” Portfolio Summary Dulles Trade Center: 40,529 s/f industrial building located at 23480 Rock Haven Way in Sterling, near Washington Dulles International Airport. The asset is leased to various Third-Party Logistics (3PL) tenants that manage warehous - ing to final-mile delivery. McLean Commerce Center: 17,200 s/f retail building po - sitioned at 1471-1475 Chain Bridge Rd. West Fairfax Commerce Center: six industrial build - ings totaling 150,000 s/f of space, located at 14506 Lee Rd. in Fairfax. University Commerce Center: