Robert E. Hart Of TruAmerica Multifamily Acquires 384-Unit Grove Somerset In New Jersey

The property asset involved in the transaction is a multifamily apartment community comprising 384 units situated on 42 acres at 500 Bristol Boulevard, in the Somerset market of New Jersey. This was an off-market transaction marking the first investment for TruAmerica Multifamily in the New York–New Jersey metropolitan area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 500 Bristol Boulevard
• Market: Somerset, NJ
• Units: 384
• Acres: 42
• Buyer: Robert E. Hart - TruAmerica Multifamily
• Seller: Jordan E. Slone - Harbor Group International
• Brokers: Jeffrey Dunne, Stuart MacKenzie, Travis Langer & Eric Greenberg - CBRE

Robert E. Hart represented TruAmerica Multifamily in this acquisition, while Jordan E. Slone represented Harbor Group International. The deal was facilitated by brokers from CBRE, specifically Jeffrey R. Dunne, Stuart MacKenzie, Travis Langer, and Eric Greenberg.