GARFIELD, NJ—C6 Real Estate Partners has acquired River Edge at Garfield, a 100-unit class-A multifamily community in Garfield, NJ, for $27 million in a joint venture partnership with Citymark Capital, an institutional private equity real estate fund manager.
C6 will manage all aspects of investment execution on behalf of the partnership.
“River Edge is a rare off-market acquisition of luxury multifamily units in tightly constrained Bergen County, NJ,” says Brian DiSalvo, C6 principal. “We are excited to bring institutional ownership and management standards to the value creation plan for this asset. The property benefits from being part of a larger master planned community that includes luxury condos, and is positioned as best-in-class from a quality of life and amenity standpoint,” said.
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