LIVINGSTON, NJ—Anchored by swift multi-family trading during the past 10 months, Gebroe-Hammer Associates orchestrated seven separate sales totaling more than $170 million, and involving more than 1,500 units, during a 14-day period in November.
The firm says the combined sales of the New Jersey and Pennsylvania assets, which spanned every property-class category – from urban mid-rises to suburban garden-apartment communities, have set the stage for an exceptionally active December.
Four of the properties are located in the Northern New Jersey submarket, which continues to account for the highest concentration of buildings sold by Gebroe-Hammer thus far this year. The remaining Garden State-based properties are in Middlesex and Camden counties. In Pennsylvania, 324 units sold in the Pittsburgh metro area.
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