Class A Community

• Architectural gem with graceful curves and sleek glass exterior that is local landmark.
• Abundant amenity space with expansive rooftop terrace, fitness center, resident lounge, work from home space, two event spaces on 2nd and 17th floors and opportunities to increase amenities
• Apartments feature open floorplans with quartz counters, quartz backsplash, kitchen islands, black stainless appliances, soft close cabinets, SPC flooring, full ceramic tile showers, ample bathroom storage, private balconies, washer/dryer, and oversized windows
• 2023 Costar Development of the Year for Northern NJ

Expanding Regional Market

• Since 2020, over 4,500 new apartments have been built within 5 miles of Allure 258 which is energizing the market with affluent young renters expanding in the market.
• Nearby communities have been developed by firms including Russo Development, JG Petrucci, Goldman Sachs, and CHA Partners.
• Rents in the Essex County submarket have increased 5.4% annually since 2021 while vacancy has remained below 3.0%

Central Location in Dense Northern New Jersey

• 2 blocks from Brick Church NJ Transit station ($83.3M Federal Transit Adminstration Award) providing access to midtown Manhattan in 25 minutes. I-280 and The Garden State Parkway are each within ¼ mile of the Property
• Major Employers within a 10-minute commute include Prudential, Audible, PSE&G, NJ Transit, Mars, Panasonic, Horizon Insurance, WebMD, McCarter & English, McKinsey and the East Orange VA Hospital among many others.
• Cultural & Entertainment attractions proximate to Allure 258 include the New Jersey Performing Arts Center, The Prudential Center and Turtle Back Zoo in South Mountain
• Higher Education Cluster with combined enrollment of 65,000 students within 6 miles. Schools include Seton Hall University, Rutgers Business School, Rutgers Law School, NJ Medical and Dental School, NJ Institute of Technology, Essex County College and Montclair State.
• Plentiful Outdoor Recreation with adjacent Irvin Orange Park, South Mountain Recreation Area and Frederick Law Olmstead designed Bound Brook Park.

Highly Beneficial Tax PILOT

• The Property benefits from a PILOT through 2046 with payments of only 10% of revenue that eliminates the risk of tax increases while significantly enhancing cash flow.