Newark, NJ, June 05, 2018 (GLOBE NEWSWIRE) --
- Current One Wall Partners portfolio is comprised of 39 buildings with 1,917 total units under ownership and management.
- New Jersey-based One Wall Partners acquires, develops and manages naturally occurring affordable housing in Northern New Jersey’s transit-oriented communities.
June 5, 2018 – One Wall Partners (OWP), the Newark, New Jersey-based real estate investment firm has acquired three new properties adding 217 units to its ever-growing portfolio which now encompasses 1,917 units in 39 buildings. All of OWP’s properties are transit-oriented workforce housing options that provide middle-class residents with easily accessible public transportation to New York metro area job centers. The recent acquisitions of 742 Park Avenue in East Orange, 103 Chancellor in Newark and 25 Van Velsor in Newark reinforce OWP’s commitment to offering affordable commuter-friendly housing options.
“The demand for naturally occurring affordable housing, combined with revitalization efforts in Northern New Jersey is causing many people to call places like Newark and East Orange home,” said David Oropeza, executive managing director with Gebroe-Hammer Associates. “We have brokered numerous real-estate transactions with One Wall Partners; their commitment to transit-oriented workforce housing continues to add value to the Northern New Jersey region.”
“Northern New Jersey continues to be a smart and logical place for the expansion of workforce housing in the tri-state area,” said Nate Kline, chief investment officer and principal at OWP. “Our strategic partnerships with Gebroe-Hammer and others continue to help us accelerate our investment pace and we see a long runway of opportunity now and into the future. We are thrilled with our momentum and growth here and are committed to expanding our asset base in Northern New Jersey.”
Founded in 2010, OWP is a vertically integrated real estate investment firm whose primary objective is providing naturally occurring affordable housing and quality, transit-oriented workforce housing located within a half-mile of public transportation. OWP is actively pursuing investment opportunities in Northern New Jersey as well as the broader New York and Philadelphia metro areas, please email Michael Busenhart at mbbusenhart@onewallpartners.com or go to www.onewallpartners.com for more information.
###
Attachments