PLAINSBORO, NJ—Kushner has repurchased Quail Ridge, a 1,032-unit apartment community on 52 acres in Plainsboro, New Jersey, that the company sold in 2006.
Kushner acquired the multifamily asset from Angelo, Gordon & Co., in a transaction valued at $190 million. American International Group was senior lender on the transaction.
This purchase returns Quail Ridge to Kushner's expanding multi-family portfolio. Kushner previously owned the property until it sold it 11 years ago.
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