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February 21, 2018  

Mesirow Pitching NJ Luxury Rentals

A luxury apartment complex is back on the market in Central New Jersey.The 290-unit gated property, in Aberdeen, is valued at roughly $75 million, or $259,000/unit. At that price, the buyer’s initial annual yield would be 5.25%.The owner, Mesirow Financial, put the property on the market in late 2016 via HFF, but no deal emerged. After conducting additional renovations, the Chicago shop has now listed it again with the brokerage.The...

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