Highlands at Morris Plains

BlueGate Partners, LLC has been retained on an exclusive basis to arrange the sale of Highlands at Morris Plains, a rare opportunity to acquire a Class-a multifamily housing community in Morris County, New Jersey. Nestled within the New York City MSA, the community’s 116-apartment homes are situated in a park-like setting and are within walking distance to the Morris Plains New Jersey Transit commuter rail station, which offers direct access to Midtown Manhattan in one hour. The property was constructed in 2003 and is a prime value-add candidate. A more comprehensive upgrade program could offer further unit and property enhancements, which would lead to larger rental increases. Residents have access to a variety of retail, dining and entertainment options in the quaint and historic town of Morris Plains, while even more options are available just down the road in Morristown. With the property’s spacious floor plans, community feel, and tremendous access to both local and regional amenities, Highlands at Morris Plains is an exceptional multifamily investment opportunity in the New York Metropolitan Area.