As of April 20, the multifamily portfolio has a current percentage leased rate of 95%. The remainder of outstanding collections of 4% is largely from tenants who are seeking a payment plan, the company states.

The property was sold by JG Holt Limited Partnership. JLL represented the seller and procured the buyer. Additionally, working on behalf of the new ownership, JLL facilitated debt financing totaling $13.32 million for the transaction with Harbor One Bank.

The detailed plan released by the governor categorizes the reopening phases as red, yellow and green.

First National Realty has completed a number of other notable transactions so far in 2020, including the $19.2-million purchase of The Court at Hamilton, a 194,106-square-foot Walmart-anchored shopping center in Hamilton Township. NJ in late February.

The campus is made up of dormitories, classrooms and lecture halls, administrative offices, a student center, dining halls, recreation and athletic facilities, a library, an auditorium and more.

A number of top executives at the REIT have had their base salaries reduced, ranging from 15% to 50%.

The I-Bank's $50-million program provides liquidity for New Jersey municipalities that are having difficulty rolling over bond anticipation notes in the current volatile municipal bond market.

The governor vetoed Senate Bill 613 that its proponents say would have helped more Pennsylvania employers re-open safely.