Invesco Real Estate Acquires 217-Unit Multifamily Community In Hoboken From Clarion Partners

1000 Jefferson Street is a 217-unit multifamily community located in Hoboken, New Jersey. The property has been institutionally owned and managed since 2007 and presents value-add potential with approximately 25% of the units available for renovation.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not Disclosed
• Address: 1000 Jefferson Street
• Market: Hoboken, NJ
• Units: 217
• Buyer: R. Scott Dennis - Invesco Real Estate
• Seller: David Gilbert - Clarion Partners
• Brokerage: Jose Cruz, Steve Simonelli, Michael Oliver, Elizabeth DeVesty, Austin Pierce & Luke Chakonis - JLL

The transaction was arranged by JLL Capital Markets, highlighting the firm's involvement in facilitating the acquisition of the multifamily community by Invesco Real Estate from Clarion Partners.