05/20/2013
Source: realestategrowthadvisors.com
FOR IMMEDIATE RELEASE: May 20, 2013
RE: Real Estate Growth Advisors, LLC closes on Martha Washington Apartments, Clifton, NJ
Real Estate Growth Advisors, LLC (“REGA”) is pleased to announce the closing of its most recent acquisition, Martha Washington Apartments, 1401 Van Houten Avenue, Clifton, NJ 07013. The property is a 56 unit garden apartment community consisting of one and two bedroom apartments in five buildings.
REGA will renovate/upgrade select apartments as they become available, institute a deferred maintenance plan and actively manage the property with its “hands-on” leasing strategy to improve cash flow at the property.
Thomas McConnell and Kevin McCrann of Marcus and Millichap brokered the transaction.
REGA is a New Jersey based real estate investment and management company. REGA owns and operates quality multifamily and mixed-use commercial real estate and specializes in creating value through repositioning assets, implementing its “hand on” property management approach.
For all inquiries, please call (800) 641-3990, email info@rega.co, or view our website at www.realestategrowthadvisors.com