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.
The portfolio is spread throughout Morris, Somerset, Monmouth, Middlesex, Union and Essex Counties, which have excellent access to more than 20 Fortune 500 companies that have major operations in New Jersey. 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.
BlueGate is a boutique real estate investment banking firm with offices in New York and Palm Beach, and offers services in the areas of investment sales, portfolio and property financing, and debt and equity capital raising for real estate projects.