Facebook Twitter LinkedIn Google Plus RSS

Rutgers apartment complex secures buyer

By ,

Student housing operator McKinney Properties, in Pittsburgh, announced Tuesday it has acquired a 186-unit New Brunswick apartment complex leased by Rutgers University that includes street-level retail.

The company purchased Rockoff Hall, formerly owned by New Brunswick Development Corp., through a joint venture partnership with Texas-based private equity real estate firm Virtus Real Estate Capital. It secured a $44.1 million five-year mortgage from Investors Bank, in the Short Hills section of Millburn.

Also Popular on NJBIZ

Write to the Editorial Department at editorial@njbiz.com

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!