Berkshire Group Purchases Steward’s Crossing
BOSTON--(BUSINESS WIRE)--Oct 2, 2018--Berkshire Group announced the purchase of Steward’s Crossing, a 240-unit garden style apartment community located at 1000 Steward’s Crossing in Lawrenceville, New Jersey.
“Steward’s Crossing is in a great location situated within a few miles of both Princeton and Trenton with accessibility to Philadelphia and New York City,” noted Kel Frazier, Berkshire Group Acquisitions. “We feel the property is an excellent choice for our portfolio because of the demand in the area generated by its proximity to diverse employment,” he continued.
Steward’s Crossing is Berkshire’s first purchase in the Princeton/Trenton market.
Steward’s Crossing consists of one-, two- and three-bedroom apartment homes in a park-like setting with mature trees and landscaping. The property features tennis courts, pool and outdoor lounge area and a high-end fitness area.
About Berkshire Group Berkshire Group is a real estate investment management company primarily known for its multifamily investment and operational experience. Over more than four decades, Berkshire’s team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record of solid performance based on thoughtful, leading edge strategies, and operational experience. The Company has experience in disciplines including acquisitions, portfolio and property management, debt, development and redevelopment. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Atlanta, New York, Baltimore, Dallas, Houston and San Francisco. As of March 31, 2018, Berkshire Group had approximately $7.3 billion in real estate assets under management. For more information on Berkshire, please visit www.berkshire-group.com.
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CONTACT: Berkshire Group
John Dobroski, 617-646-2485
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS NEW JERSEY
INDUSTRY KEYWORD: PROFESSIONAL SERVICES REIT FINANCE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Berkshire Group
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PUB: 10/02/2018 11:08 AM/DISC: 10/02/2018 11:08 AM