REBusinessOnline

Carmel Partners Acquires 896-Unit Apartment Complex in Plainsboro, New Jersey

PLAINSBORO, N.J. — Carmel Partners has purchased Hunters Glen, an apartment complex located at 1109 Hunters Glen Drive in Plainsboro, for an undisclosed price. Built in 1978 and situated on 53 acres, the community consists of 61 two-story buildings offering a total of 896 apartment units. Carmel plans to reposition the property by updating interiors, renovating the exterior and improving amenities, which include three resort-style pools, outdoor grills and access to adjacent public ball fields and courts, playgrounds, walking trails and a golf course. Jose Cruz, Kevin O’Hearn, Michael Oliver and Stephen Simonelli of HFF represented the undisclosed seller in the deal. This is Carmel’s first investment in New Jersey and a continuation of its East Coast expansion.

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