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Property Description
The Monroe is a 148 midrise units in Morristown, New Jersey. Morristown is strategically located with direct access to New York City transit, walkable amenities, and major employment hubs. Acquired as a co-investment with AION Partners, at a significant discount to market comparables, the two-building, mid-rise property has provided strong upside through rent growth, operational efficiencies, and targeted capital improvements.
Property Details
Acquired Date
Year Built
January 2021
2002
Units
148
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