Acquisition of The Crossings at Brick Church Station

United States

Deal value: $142,000,000

Acquisition of a 400-unit, mixed-income, garden-style and mid-rise multifamily community in East Orange, NJ, focused on transit-oriented development and affordable housing.

The acquisition targets a transformative, transit-oriented, mixed-income multifamily community in East Orange, NJ, capitalizing on urban revitalization and affordable housing demand. The core motivation is to unlock value in an underinvested area by leveraging proximity to transit, public-private incentives, and demographic trends favoring walkable, amenity-rich living. The investment aligns with policy momentum for equitable development and seeks to catalyze further economic growth and community renewal.