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Ocean County Apartments Trade in 1031 Deal

TOMS RIVER, NJ-Gebroe Hammer has arranged the sale of 110 unts at the Dover Chase complex here, and the firm's Joseph Brecher predicts more Ocean County investment deals to come.

By Antoinette Martin | Updated on July 06, 2012

TOMS RIVER, NJ–A Gebroe-Hammer Associates team has orchestrated the $16.1-million sale of 110 units at the Dover Chase complex in Toms River, with the buyer finalizing a 1031 exchange tax deferral on the deal, GlobeSt.com has exclusively learned.

Joseph Brecher, Gebroe’s EVP, teamed with sales associate Steve Follman for the transaction in which Gebroe represented the seller and procured the buyer, a long-time client of the firm. Brecher tells GlobeSt.com that he predicts more Ocean County investment sale deals to come.

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