Hyperion-Benenson JV Launches with $165M Multifamily Deal in NJ

Hyperion-Benenson JV launches with $165M multifamily deal in NJ

The basics: New HyperionFP Partners JV acquires The Centre — 16-story, 314-unit building in Cliffside Park Luxury amenities include rooftop pool, fitness center, residential lounge & Manhattan views JV focuses on value-add, core-plus multifamily properties in Tri-State, South Florida & other markets Fully occupied The Centre offers long-term rent growth and asset appreciation potential Hyperion Group and Lawrence Benenson launched a joint ventu…

Hyperion, Benenson JV buys 314-unit Cliffside Park rental property for $165 million – Real Estate NJ

By Joshua Burd A newly formed joint venture has made its first deal, acquiring a 314-unit luxury apartment property in Cliffside Park as part of a $165 million transaction announced Monday. The buyer, HyperionMFP Partners, said The Centre on Anderson Avenue fits its strategy of focusing on value-add and core-plus buildings in the tristate region, South Florida and other select markets poised for long-term rent growth and asset appreciation. The …