Goldman Sachs & Kushner Real Estate Sell Princeton Meadows Multifamily For $115M

The 440-unit Addison at Princeton Meadows, a multifamily community located at 2821 Pheasant Hollow Drive in Plainsboro, has been sold by Goldman Sachs Asset Management and Kushner Real Estate Group. This quality asset, situated in the Princeton submarket, offers investors renovated units and potential rental upside. The sale was facilitated by JLL Capital Markets, with a sale price of $115,000,000, resulting in a per unit price of $261,364.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $115,000,000
• Units: 440
• Price Per Unit: $261,364
• Seller: Goldman Sachs Asset Management ; Kushner Real Estate Group - Jonathan Kushner
• Brokers: Jose Cruz, Steve Simonelli, Michael Oliver & Elizabeth DeVesty - JLL

JLL Capital Markets played a pivotal role in the sale of Addison at Princeton Meadows, working with Goldman Sachs Asset Management and Kushner Real Estate Group. The brokers involved in the transaction were Jose Cruz, Steve Simonelli, Michael Oliver, and Elizabeth DeVesty, all from JLL. This successful deal offers investors the opportunity to acquire a quality asset with potential for rental upside in the Princeton submarket.