PLAINSBORO, NJ–The KRE Group and Oxford Realty Group have jointly acquired Deer Creek, a 288-unit rental community in Plainsboro, NJ, in partnership with Verde Capital. The partnership paid $45 million for the asset.
Deer Creek is a collection of one- and two-bedroom apartments just off of Plainsboro Road, about four miles from Route 1 and five miles from the New Jersey Turnpike.
Deer Creek is the second property KRE and Oxford have jointly acquired in the last four months. In November 2015, the companies purchased Royal Gardens, a 550-unit rental community in Piscataway, NJ, for $107.25 million, in partnership with Blue Vista Capital Management.
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