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P3 Properties Acquires Value-Add Passaic Apartments
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P3 Properties Acquires Value-Add Passaic Apartments
P3 Properties has acquired The Pennington, a 147-unit multifamily community located at 211 Pennington Ave. in Passaic, NJ, from Birch Group for $49 million. The transaction marks a significant expansion of P3’s presence in its home market and reflects the firm’s continued focus on acquiring high-quality, value-add residential opportunities with long-term upside. Cushman & Wakefield’s Northeast Multifamily Advisory Group, including Niko Nicolaou,…
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