Accurate Builders & Developers expands New Jersey resi portfolio

Accurate Builders & Developers expands New Jersey resi portfolio

Published at: 2018-10-10 16:24 | Author: CIJ USA
Accurate Builders & Developers has obtained $258m in acquisition and construction financing from Madison Realty Capital for three multifamily rental communities in Bayonne, Linden and Raritan, New Jersey. The funding was arranged by Meridian Capital Group. The first property, Harbor Station South, located in Bayonne, and will feature 651 studio and two-bedroom apartments in two buildings. The second, The Crossroads at Raritan, will offer 276 apartments, including 20 affordable units. The third asset is in Linden and will include amenities like a rooftop deck and pool.

“We are excited and proud to work with the Accurate team as they expand into these exciting New Jersey markets by constructing fully amenitized multifamily rental products that will set the standard for other developments in the area,” said Shaya Ackerman, senior managing director at Meridian.

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