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.
Categories
Recent Posts
Jeff Sutton flips “Friends” building for $33M
Who Signs First at Closing? The Buyer or Seller?
RJ Capital refinances luxury rentals in Rego Park
At closed-door meeting, Mamdani reassures developers,
investors his door “will remain open”
Ex-NYC agent, YouTuber sentenced for hitting cop with
car
Stop Guessing Your Airbnb Prices: A Practical Revenue
Playbook For 2026
8 Mistakes to Avoid When Selling a Home in Winter
How Homebuyers Are Using 2-1 Buydowns to Make Early Payments
More Affordable
NYC’s basement legalization plan trips over its own
rules
Philippine Tycoon Andrew Tan’s Megaworld To Inject $255
Million Of Office, Retail Assets Into REIT
