Alexan Riverdale, Mid-Rise Apartment Property in Riverdale, NJ, Changes Hands

Alexan Riverdale, 6000 Riverdale Rd., Riverdale, NJ

RIVERDALE, NJ—Alexan Riverdale, a 212-unit, mid-rise apartment property in the Morris County, NJ, community of Riverdale, has been sold for an undisclosed amount to Inland Real Estate Acquisitions. The property has been owned since December 2011 by PGIM Real Estate, according to Real Capital Analytics, a proprietary property research database.

Holliday Fenoglio Fowler’s investment sales team, led by senior managing director José Cruz, managing director Kevin O’Hearn and directors Stephen Simonelli and Michael Oliver, marketed the property on behalf of the seller. HFF also worked to secure acquisition financing on the new owner’s behalf.