Gebroe-Hammer 3Q MF Sales Exceed $333 Million

LIVINGSTON, NJ—Gebroe-Hammer Associates says it recorded third quarter apartment sales totaling more than $333 million, involving 1,270 units spanning Morris, Somerset and Union counties.

Each of the six separate transactions involved suburban apartment-home assets, ranging from newly renovated, upscale core communities to properties primed for capital improvements in order to render them more competitive. Among those properties poised for repositioning were Hamilton House and Jefferson House, two garden-apartment communities featuring 35 two-bedroom and 75 two-bedroom/8 one-bedroom units, respectively in Chatham.