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CHATHAM, NJ—A joint venture between Stolar Capital and Vertical Realty Capital has acquired the 31-unit Chatham Arms in Chatham, NJ from Quad Realty for $7.2 million, representing $232,000 per unit and a 4.9 percent cap rate.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
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The sublease will first take effect on September 1, 2026.
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Many predictions are running between September and December.