Hyperion JV buys luxury NJ apartment complex for $165M
Hyperion Group has teamed up with a veteran New York real estate investor to buy a New Jersey rental building whose owners were struggling to refinance the CMBS loan. HyperionMFP Partners, a joint venture between the New York- and South Florida-based investment and development firm and Lawrence Benenson of Benenson Capital Partners, snapped up The Centre, a 314-unit luxury rental building in Cliffside Park, New Jersey, for $165 million in an off-market deal. “We were attracted to the property, and it was a good opportunity, given market conditions,” said Hyperion’s Rob Vecsler. Completed in 2017, The Centre sits in the […]
This article originally appeared on The Real Deal. Click here to read the full story.
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