The Kimmel Pavilion totals 830,000 square feet, including 11 patient floors, It features 374 exclusively single-bedded rooms that hospital officials say will provide patients and their families privacy, reduce the risk of infection, and improve staff workflow.

The new publicly-traded REIT will be called Retail Value Trust.

“Occupiers and investors of real estate are faced with all these emerging technologies and companies and often they don't have the time or infrastructure to figure out which are the most promising.”

With asking rents for this apartment submarket expected to advance upward of 6% over the next couple of years, the timing looks good for selling the highest concentration of for-sale stabilized assets in Hudson County ever to come to market, says Gebroe-Hammer's Nicholas Nicolaou.