RealShare New Jersey: Unlocking Value in Multifamily Properties

Multifamily Panel at RealShare NJ 2017. From left: Alex Cocoziello, Principal & Vice President of Investment , Advance Realty; Brian Hosey, Vice President / Regional Manager New Jersey, Marcus & Millichap; Jose R. Cruz, Senior Managing Director, HFF; Mitchell S. Berkey, Co-Chair Real Estate Group, Chiesa Shahinian & Giantomasi; Russell Tepper, Senior Managing Director – New York, New Jersey & Connecticut, Mill Creek Residential; Brian Stolar, President and CEO, The Pinnacle Companies; and Christopher M. Bellapianta, Managing Principal, Camber Real Estate Partners. (Steve Lubetkin photo/StateBroadcastNews.com)

FLORHAM PARK, NJ—Multifamily continues to be the hottest sector of commercial real estate, say panelists at this year’s RealShare New Jersey conference, held last week in Florham Park, NJ.

“Construction continues to boom, 5700 rental units were added last year, this year it’s projected to hit 9500,” says Mitchell S. Berkey, co-chair of the real estate group, Chiesa Shahinian & Giantomasi. Berkey moderated the “Unlocking the Value in Multifamily Properties: How are Developers and Investors Finding Opportunities in this Sector?” panel at the conference.