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NEPTUNE, SOUTH RIVER and LONG BRANCH, N.J. — Phoenix Realty Group and The Orbach Group have purchased three former AIG properties in central New Jersey for $46.5 million. The three properties — Jumping Brook Apartments in Neptune, Leonardine Gardens in South River and Marine Gardens in Long Branch — total 472 apartments. Nearly $2.5 million will be spent in renovations on all three properties. The purchase was part of a larger deal involving three other apartment communities in New Jersey sold to Vantage Properties and Angelo, Gordon & Co.