Multifamily

The three properties that traded included the 195-unit Regency House at 304 Erial Road in Sicklerville, Camden County; Upper Deerfield Estates (67 units) at 23 McCormick Boulevard in Bridgeton, Cumberland County and Polo Ridge Apartments (64 units) at 1210 North Route 130 in Burlington Township, Burlington County.

The sale of the 293-unit complex was arranged between Epoch Residential and Nicol Investment Company.

“New York City can't alone build all the housing and make it affordable for all the people who need it. It just won't work.”

San Antonio's affordability makes it a popular destination for new residents along with a hot secondary investment market while Houston's economy continues to strengthen as employers accelerate hiring.

The investment firm buys a 312-unit apartment complex, making for a total of 2,300 units purchased in the last 18 months.

Pastakia + Associates' work to bring additional affordable and workforce units to Zella Apartments was voluntary and much in advance of the city's new requirements.