Gebroe-Hammer Completes Sales of 1,045 MF Units in 4Q

LIVINGSTON, NJ–Gebroe-Hammer Associates’ investment brokerage activity in Northern New Jersey and Pennsylvania remained brisk in the final quarter of 2014 as multi-family buyers continue to pursue properties with rent-growth and value-add potential. During the last three months of the year, the firm’s area market specialists arranged sales involving 1,045 units.

“Multi-family is the hottest investment throughout Northern New Jersey and the Philadelphia metro region because apartment rentals possess enduring investment value that stands the test of time and erratic economic cycles,” says Ken Uranowitz, Gebroe-Hammer president. “Whether the economy is white-hot or recessionary, or somewhere in between like it is now, multi-family is the real estate investment asset class of choice because people always need a place to live. Buildings of all sizes and property classes are trading at a historic pace.”