Property
LPZ Bertram Multifamily Portfolio
Location
Various , NJ
Size
2,338 Units
Value
$232M
Type
Debt

LPZ Bertram Multifamily Portfolio

BlueGate Partners has been retained by LPZ Bertram on an exclusive basis to arrange for the financing of sixteen multifamily apartment properties located throughout Northern New Jersey. The portfolio is comprised of 2,338 units totaling over 2 billion square feet of rentable area in six New Jersey counties. All but one of the properties are garden-style apartment complexes with unit counts ranging from 32 to 394 units, and an average unit size of 855 square feet. This portfolio of extremely stable and well occupied properties represents an attractive opportunity to finance assets in highly-desirable infill locations that are part of the New York City metropolitan area.