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Living Residential Acquires 300-Unit Woodmont Forge Community In Pennington For $115.9M

Property Image
SOLD
$115,900,000
EW
GK

New Jersey

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MultiFamily
Sold 04/01/2026
the dealplayerscompscontact
Property Image
SOLD

Living Residential Acquires 300-Unit Woodmont Forge Community In Pennington For $115.9M

MultiFamily
Sold 04/01/2026
EW
GK
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Sale

The property involved in the transaction is a 300-unit multifamily asset located at 100 Forge Circle in Pennington, New Jersey. The sale price for the property was $115,900,000. The asset spans 23 acres and was built in 2024. Living Residential has financed the acquisition with a loan of $74.7 million from TIAA and plans to rebrand the property as One Hundred Forge.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $115,900,000
  • Buyer: Gary Kassirer - Living Residential
  • Seller: Eric Witmondt - Woodmont Properties
  • Lender: TIAA
  • Units: 300
  • Price Per Unit: $386,333
  • Acres: 23

Living Residential's acquisition expands its New Jersey portfolio to 10 properties totaling more than 2,620 units. The seller, Woodmont Properties, developed the property using a construction loan of $64.4 million from Valley National Bank.

Players

GK
Gary Kassirer
1 deal$115.9M volume
BUYER
EW
Eric Witmondt
10 deals$359.3M volume
SELLER
TIAA
TIAA
LENDER

Details

SOLD
IMAGE: Eric Witmondt DATE: 04/01/2026 ADDRESS: 100 Forge Circle MARKET: Pennington ASSET TYPE: Multifamily ~ ACRES: 23 BUYER: Gary Kassirer - Living Residential SELLER: Eric Witmondt - Woodmont Properties LENDER: TIAA SALE PRICE: $115,750,000 UNITS: 300 ~ PPU: $385,833 NOTE: Living Residential paid $115.75M for the 300-unit Woodmont Forge community in Pennington, N.J., financing the acquisition with a $74.7M loan from TIAA and rebranding the property as One Hundred Forge. Woodmont Properties developed the 2024-built asset using a $64.4M construction loan from Valley National Bank, with the purchase expanding Living Residential’s New Jersey portfolio to 10 properties totaling more than 2,620 units.

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