Orbach invests with $37m.The Orbach Group, a New Jersey-based real estate concern, has purchased 365 apartments in three apartment complexes in upscale New Jersey communities for $37 million in recent weeks. Located only 10 minutes away from Princeton, the Carlton Apartments in Ewing Ew·ing , James 1866-1943. American pathologist. An authority on cancer, he established oncology as a clinical specialty. , N.J. contain 288 luxury apartments in a modern garden apartment complex on 28 beautifully landscaped acres. The apartments have hardwood hardwood: see wood. hardwood Timber obtained from broad-leaved, flower-bearing trees. Hardwood trees are deciduous trees, except in the warmest regions. floors, eat-in kitchens and amenities including a private swimming club. The Prospect West Apartments in Hackensack, N.J. contain 45 luxury apartments in a seven-story building at 321 Prospect Ave. The apartments have central air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. and hardwood floors. The Habitat Apartments in Cherry Hill Cherry Hill, township (1990 pop. 69,319), Camden co., W central N.J.; name was changed from Delaware township to Cherry Hill in 1961. Largely residential, Cherry Hill has been marked by great development and housing growth, especially since the 1970s. , N.J. contain 32 two-bedroom luxury apartment units in a garden apartment complex. The apartments have central air conditioning, vaulted ceilings and include washer/dryers in every unit. Within 18 months of entering the New Jersey market The Orbach Group, led by real estate investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. Meyer Orbach, has accumulated ac·cu·mu·late v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates v.tr. To gather or pile up; amass. See Synonyms at gather. v.intr. To mount up; increase. nearly 1,000 apartment units in a portfolio of high-end residential properties in communities that include those around the Princeton corridor, Philadelphia suburbs and New York/New Jersey metropolitan area. "We are pleased to announce these great new acquisitions in growing, premier communities in New Jersey," Orbach said. "Our plans call for continued aggressive growth through the purchase of more residential rental properties in desirable communities throughout the state." Rich Kelin, of Feinstein, Raiss, Kelin & Booker, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , was the attorney on all three transactions. David Jarvis and Avi Oren, of Gebroe Hammer Associates, brokered the Habitat Apartment acquisition. Rob Holland and Jeff Weiner, of Kislak Properties, were the brokers for the Prospect West purchase. And Andy Muroff, of Muroff Lewis, handled the purchase of the Carlton Apartments. |
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