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The renovated 550,000-square-foot last-mile facility is located in suburban Northern NJ.

The 880 units were acquired by Kennedy Wilson and various investment vehicles managed by Kennedy Wilson. The new portfolio adds to the firm's growing multifamily presence in the Mountain States.

The wholly-owned affiliate of Thompson Thrift sold the class A apartment community for $60 million.

Art Jimenez Jr. served as controller at the Hudson Yards mega-development in Manhattan from 2015 to 2018, where he oversaw some $23 billion of construction projects.

The firm will launch and begin accepting new investments into its next fund soon, continuing its growth strategy aimed at opening a new fund offering every two years or so.

Scott Gibler joins as executive director of corporate real estate solutions and will lead initiatives throughout the country for the firm.

The company's new office, Verso, and two other nearby development projects are designed with the health and wellness of tenants at the forefront.

The collaboration with Redirect Inc. will leverage each firm's deep resources and expertise to provide a holistic platform that incorporates their business advisory and technology capabilities.