Harbor Group International & Azure Partners Acquire Multifamily Property In Somerset For $88M

The multifamily property located at 500 Bristol Boulevard in Somerset recently underwent a closed transaction. The property consists of 384 units and was the subject of a loan provided by Freddie Mac Optigo. The loan amount for this transaction was $88,000,000, with a term of 10 years and a floating-rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $88,000,000
• Address: 500 Bristol Boulevard
• Market: Somerset
• Units: 384

The landlords involved in this transaction are Harbor Group International and Azure Partners. The brokers who represented the parties in this deal were Jamie Leachman, Matthew Pizzolato, Amit Kakar, and Thomas E. Didio, Jr. from JLL Capital Markets.