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In the New York/New Jersey metropolitan area, the overall economy is still healing, just like every place else. But because employment growth and job opportunities are healthier here than in most other parts of the country, the residential market is healing faster. In the Gold Coast area of the Garden State, the rental housing market is essentially back to pre-recession rent levels. In Hudson County, where Ironstate Development has brought approximately 1,000 new rental units on line over the past three years, we have full occupancy across our portfolio.

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