Independence Savings Bank provided the financing for the recent acquisitions, with Meridian Capital brokering the transaction. The sellers and the sale price were not disclosed.
"We have had success in identifying, for our investors, income-producing properties that have generated greater than average returns, and I expect these acquisitions to do the same," according to Kissel, who founded Hanrock seven years ago. The company's holdings are in New Jersey, New York and Connecticut.
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