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KEC Acquires Three E. Orange Apt. Buildings

EAST ORANGE, NJ-Pursuing a strategy of re-positioning apartment buildings in urban locales, East Orange-based KEC bought three buildings last week.

By Antoinette Martin | Updated on December 23, 2013

SOUTH ORANGE, NJ-KEC Properties acquired three multifamily properties in East Orange in one week this month:

  • 112 Lincoln Street and 444 Prospect Street, acquired Dec. 16, and
  • 75 Prospect Street, Dec. 18.  

The purchases were made from different sellers. The total price paid for the three properties with a total of 118 units was $11.7 million.

This expands KEC’S apartment portfolio in East Orange to 374 units, and its statewide portfolio to 750 units.

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