Northeast

“Our strategy is client-centric. We are not looking to be one of our competitors.”

The three-property portfolio transaction included the $5.3-million sale of Ausonia Apartments, a 26-unit multifamily property with two commercial units located at 501-505 Raritan Avenue in Highland Park, located in Middlesex County NJ.

Investors will read this guidance and understand that it is applicable to the QOF level, further supporting why start-up companies and investors should not invest or seek investment at the QOF level.

The property offers 84,000 SF of buildable space and is currently home to a Shell station, whose lease expires in September 2021.

New healthcare facilities are adopting more residential, homey design qualities for patients and friends and family.

The final repositioning phase has recently been completed by Steven Kratchman Architect, upon the project’s initial phase completion in 2008.

The deal follows last week’s sale of 99 Greenwich Ave. by Midwood Investment & Development. The nearly 11,000-square-foot retail property triple-net leased to CVS through January 2038 was acquired by an institutional investor for $30 million.

MetroGroup Realty Finance recently provided financing to private investors for three separate 1031-exchange transactions involving the acquisition of four single-tenant triple-net lease assets in Illinois and Texas.