M id A tlantic Real Estate Journal — Owners, Developers & Managers — April 2025 — 19A
www.marej.com
O wners , D evelopers & M anagers
President, Adam Zweibel orchestrates transaction Hudson Atlantic Realty sells 284 unit Barrington Mews in New Jersey
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“This transaction marks a pivotal moment for Barrington Mews and underscores the growing demand for well- positioned multifamily assets with conversion affordable to market-rate potential,” said Zweibel. “The release of the low income restrictions, combined with the property’s desirable features and strong market fundamentals, enabled us to achieve an exceptional outcome for our client.” Barrington Mews offers a mix of one- and two-bedroom units, and the opportunity for investors to implement
the property’s strong income potential and the confidence of the market in its future performance as a market-rate multifamily asset. About Hudson Atlantic Realty: Hudson Atlantic Re - alty is a premier real estate investment and advisory firm specializing in multifamily sta - bilized investment sales and approved development sites in New Jersey. With a commit - ment to maximizing value for clients, the firm leverages deep market expertise and strategic partnerships to deliver excep - tional results. MAREJ
Consigli announces new leader of federal market WASHINGTON, DC — Consigli Construction Co., Inc. announced that Vern Kuehn has joined the firm as direc - tor – Federal Division. In this new role, Kuehn will lead Consi - gli’s growth and business development strategy in the federal market sector. With 30+ years of experience in the construction industry, Kuehn brings an impressive track record of managing fed- eral projects and fostering client relationships across the country and overseas. His deep expertise in federal govern - ment contracting and procure- ment processes, coupled with his ability to create and expand new business, will be instru - mental to Consigli’s continued growth and expansion across the federal market. MAREJ Vern Kuehn Barrington Mews, origi - nally developed in 1994, had been operating under LIHTC affordable restrictions until 2024, with additional NJHM - FA restrictions expiring in February 2025. The property’s transition to market-rate po- tential unlocked significant value, attracting strong inter - est from investors. The sale reflects the property’s prime location just 12 miles from Philadelphia City Center, its robust historical occupancy rate of over 99% in the past 36 months, and its array of com- munity amenities, including two community rooms, three elevators, eight on-site laun - dry facilities, and a barbecue and picnic area. ARRINGTON, NJ — Hudson Atlantic Realty , a leading real estate investment and ad - visory firm, is proud to an - nounce the successful sale of Barrington Mews, a 284-unit senior housing community located at 2101 Reamer Dr., Barrington. The property, recently released from its 30- year affordable income restric - tion under the Section 42 Low Income Housing Tax Credit (LIHTC) program, was sold by Adam Zweibel , president of Hudson Atlantic Realty.
Barrington Mews
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