Woodmont Properties Sells Pennington Multifamily Asset For $115.75M With SAGE Investment Advisors

The property involved in this transaction is a multifamily asset located at 100 Forge Cir in Pennington. The sale price for the property was $115,750,000, consisting of 300 units and covering a total square footage of 350,000. The price per unit amounts to $385,833, while the price per square foot is recorded at $330.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $115,750,000
• Units: 300
• Square Footage: 350,000
• Price Per Unit: $385,833
• Price Per Square Foot: $330
• Seller: Woodmont Properties
• Broker: Stephen Tragash, Eli Herskowitz, Angela Melillo, Katie Migner & Greg Pine - SAGE Investment Real Estate Advisors
• Date of Transaction: 02/19/2026

The transaction was represented by a team of brokers from SAGE Investment Real Estate Advisors, specifically Stephen Tragash, Eli Herskowitz, Angela Melillo, Katie Migner, and Greg Pine, who facilitated the sale on behalf of Woodmont Properties.