US manager Sentinel Real Estate has acquired the Stonehill at West Orange luxury apartment community in New Jersey.
Sentinel Real Estate has invested an unspecified sum to acquire the newly constructed 423-unit residential property in West Orange.
The seller was not disclosed.
George Tietjen, managing director of Sentinel Real Estate, said: “Stonehill at West Orange’s modern architecture, high-end interiors and abundant, best-in-class amenity suite is representative of our strategy of investing in luxury multifamily assets situated in close proximity to diverse employment and lifestyle nodes.
“This property is well-positioned to benefit from limited local residential supply, coupled with its convenient accessibility to quality necessity retail, restaurants and easy commute to the tri-state offices of leading companies in the healthcare, education, financial services, pharmaceuticals and technology sectors.”
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