This portfolio comprises 22 multifamily buildings totaling 647 units across East Orange and Irvington, two densely populated municipalities in Essex County, New Jersey. The offering presents a rare opportunity to acquire scale in a transit-oriented urban corridor. Owned and professionally managed for over 40 years, the properties have undergone extensive upgrades, with many units gut-renovated and significant upside remaining due to below-market rents. The unit mix spans studios to four-bedroom layouts, with a dominant concentration of one and two bedroom apartments. Operational efficiency is supported by tenant-paid utilities in half the portfolio, and 382 parking spaces enhance accessibility across the sites.

The offering is further enhanced by assumable debt totaling approximately $82.9 million at a fixed rate of 3.79%, with interest-only payments through 2029 and 8+ years remaining on term—providing immediate cash flow stability and attractive financing leverage. Strategically located near NJ Transit rail stations, major highways, and regional employment centers, the portfolio is well-positioned to benefit from sustained renter demand and long-term appreciation. Both East Orange and Irvington are designated Urban Enterprise Zones, offering tax incentives and supporting ongoing public and private investment. With institutional scale, embedded value, and connectivity to one of the nation’s most dynamic employment corridors, the Urban Essex Portfolio presents a compelling opportunity for investors seeking stabilized yield with upside in Northern New Jersey