4
SOMERSET, N.J. — CBRE has arranged the sale of a 384-unit apartment community located in the Central New Jersey community of Franklin. The Grove at Somerset was built on 41 acres in 2013, the property features studio, one-, two- and three-bedroom units, 58 of which are designated as affordable housing. Amenities include a pool with a sundeck, resident clubhouse with a lounge area, business center, fitness center, playground and a dog park. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the buyer, Los Angeles-based owner-operator TruAmerica, in the off-market transaction. The seller was Harbor Group International. The sales price was not disclosed.