This N.J. Luxury Apartment Complex Just Sold for Staggering $43M

This N.J. luxury apartment complex just sold for staggering $43M

A luxury apartment community in Warren County has changed hands in a multimillion-dollar deal brokered by a Morris County real estate firm.

Veris Divests Morris Plains Apartments for $85M

Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE Institutional Properties, in partnership with Roland Merchant and Tom Pryor of CBRE’s Investment Banking team, recently closed the sale of Signature Place, a Class A multifamily community in Morris Plains, NJ. CBRE advised owner Veris Residential on the $85-million sale. Built in 2018, Signature Place contains 197 apartments averaging more than 1,000 square feet. The property …