NUTLEY, NJ-HFF has closed on the $15 millionsale of a three-property, 126-unit multi-family housing portfolioin Nutley to Balt Investments.
HFF marketed the property on behalf of the seller, AIGGlobal Investment Group. HFF also arranged the financingfor the sale to Balt.
The portfolio, 94% leased overall, includes: GreylockApartments, Lincoln Apartments and Ambassador Apartments. Theseproperties are the second pool of assets HFF has sold for AIGGlobal. Last year, HFF closed on the sale of a $241.5 millionportfolio of multi-family housing in central New Jersey.
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