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Jared Kushner pays $123 Million for N.J. apartments

Chatham Hill Apartments, 25 miles from NYC, has 308 units

JaredKushnerChatham

Jared Kushner’s Kushner Companies scooped up a 308-unit apartment complex in Chatham Township, a wealthy suburban enclave in the developer’s home state of New Jersey, The Real Deal has learned. The firm paid $123 million for Chatham Hill Apartments, sources close to the deal said. Located 25 miles from New York City, the complex is situated on 25 acres and is comprised of one-, two- and three-bedroom apartments. The development also features amenities including a swimming pool, tennis courts and garage.

Joseph Brecher of Gebroe Hammer represented the seller, Home Properties/Lone Star Funds. Meridian Capital Group arranged acquisition financing through New York Community Bank. – See more at: http://therealdeal.com/blog/2015/10/19/jared-kushner-pays-123m-for-n-j-apartments/#sthash.soUDq3A8.dpuf

The Real Deal by by E.B. Solomont

 

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