NUTLEY, NJ-HFF has closed on the $15 million sale of a three-property, 126-unit multi-family housing portfolio in Nutley to Balt Investments.
HFF marketed the property on behalf of the seller, AIG Global Investment Group. HFF also arranged the financing for the sale to Balt.
The portfolio, 94% leased overall, includes: Greylock Apartments, Lincoln Apartments and Ambassador Apartments. These properties are the second pool of assets HFF has sold for AIG Global. Last year, HFF closed on the sale of a $241.5 million portfolio of multi-family housing in central New Jersey.
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