JCMLiving Acquires 406-Unit Multifamily Property From Benjamin W. Schall In Wood Ridge

The property involved in this transaction is a multifamily asset located at 100 Rosie Square in Wood Ridge. The asset features 406 units and includes 18,000 square feet of retail space. The units within the property can measure up to 1,897 square feet and are part of a luxury development. The property is now branded as Volair Wesmont after JCMLiving's acquisition from AvalonBay Communities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 406
• Address: 100 Rosie Square
• Market: Wood Ridge
• Buyer: JCMLiving
• Seller: Benjamin W. Schall - AvalonBay Communities Inc
• New Branding: Volair Wesmont
• Retail Space: 18,000 SF
• Adjacent Property: Rosera Wesmont

The key individuals involved in this transaction include Benjamin W. Schall, who represents AvalonBay Communities Inc as the seller, and JCMLiving as the buyer. The deal reflects a strategic move by JCMLiving to enhance their portfolio with this rebranded luxury property.