The Ivy

The Ivy will be a luxury multifamily community in Wharton, New Jersey. Located in prestigious Morris County, which is in the top 1% of all US counties by household income, the Property will be comprised of 182 units. It will include best-in-class amenities and finishes, and will set a new standard of luxury living in Western Morris County.

With a plethora of nearby shopping, entertainment, and outdoor activities combined with excellent regional access to nearby employment hubs, The Ivy is expected to be highly sought after by area residents who have been priced out of the urban areas to the east, and by residents to the west who seek a more sophisticated living standard.

Investment Thesis:

• Excellent Demographics
• Limited Pipeline
• Very Attractive Basis at $334.3K per unit
• High Untrended Yield of 6.71%
• Great 30-year PILOT
• Experienced Local Sponsor