FORT LEE, NJPantzer Properties has acquired The Crest at Fort Lee, a 351-unit, 13-acre multi-housing community in Fort Lee, NJ, from Capri Capital Partners, LLC, for $120 million, or approximately $341,880 per unit, free and clear of any existing debt. HFF arranged the sale for Capri.

The gated property, at 900 Crest Lane in eastern Bergen County, built in 1999, is 96 percent leased and has a mixture of one-, two- and three-bedroom floor plans averaging 1,058 square feet each. 

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