M id A tlantic Real Estate Journal — Southern New Jersey — July 22 - August 18, 2022 — 7B S outhern NJ


The portfolio is 92% occupied, with average per-unit revenue of about $1,225 per month A&G Auction offers income-generating residential, comm'l. & raw-land assets in Central & Southern NJ

C ENTRAL AND SOUTHERN NJ — A&G Real Estate Partners is auctioning a sta- bilized, 64-property portfolio of real estate assets amassed by a private investor focused on Central and Southern NJ. The sealed-bid auction, which closes July 27, “represents an excellent opportunity for inves- tors of all sizes to hedge against inflation by acquiring the kind of stabilized, income-generat- ing real estate properties that are increasingly difficult to find in today’s tight market,” said Jeff Hubbard , senior manag- ing director of Real Estate Sales for A&G. The portfolio in its entirety is 92 percent occupied, with aver- age per-unit revenue of about $1,225 per month for the single- and multifamily homes. “The pooled structure of this sale is noteworthy as well. It allows in- vestors to customize their bids based on their particular capi- tal resources and real estate interests,” added Jamie Cote , senior managing director of real estate sales at A&G. “You

with very little, if any, deferred maintenance—an important consideration given today’s higher construction costs and ongoing labor shortages,” said Katie DeCoste , a managing director of real estate sales at A&G. “The residential develop- ment opportunities here also include some true standouts. One example is 328 Stokes Rd. in Medford—a single-fam- ily site surrounded by houses worth up to $1 million.” The six pools of available assets, including multifamily residential properties with any- where from two to seven units each, are divided as follows: Camden: Nine single-family rental properties. Florence, Maple Shade, Beverly, and Burlington: 10 single-family rental houses, two multifamily properties Trenton: 23 single-family rental houses, six multifamily properties South/Central Counties (Ocean, Burlington, Cam- den, Gloucester, Mercer): Nine land parcels ranging in size from 0.5 to 160 acres,

primarily zoned residential Buena, Lumberton and Winslow: Two single-family rental houses, one multifamily property Camden and Woodbury: Two commercial properties (a privately-owned academy and a small office building) The commercial land parcels available in the auction include a 2.27-acre, undeveloped site on Rte. 73 in the Marlton sec- tion of Evesham Township. “This prime location sits be- tween two high-traffic shop- ping centers: Promenade Shops and Willow Ridge Plaza,” said Christian Koulichkov , A&G managing director of real es- tate sales. “Zoning allows for a wide array of potential com- mercial uses on this prime retail corridor.” With respect to income-generating properties under lease, one highlight is the 70,000 s/f private academy located at 1770 Mt. Ephraim Ave. in Camden. “That building is under lease through August 2025 paying $288,000 of triple- net income every year,” noted Cote. MAREJ

A&G’s July 27 auction includes six pools of assets containing mul- tifamily and single-family rental properties, as well as commercial sites and development land. This 3-unit rental property is located at 2

Pump Branch in Winslow, NJ. could target undeveloped land in a busy retail corridor or pick up a seven-unit rental property located within walking distance of major employers and educa- tional institutions. Thirteen of the properties are located within Qualified Opportunity Zones, offering buyers attrac- tive tax incentives.”

The seller is a private inves- tor who has bought, renovated and rented these properties over the course of two decades and now wishes to retire and allocate the vast majority of the proceeds of the auction to charitable endeavors. “These single- and multifamily rentals generally are in good condition,

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