Barings Trades Luxury Rentals in Bergen County
CBRE closed the sale of Highlands at Westwood, a 214-home luxury apartment community located in Westwood, NJ. The CBRE team of Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin and Travis Langer represented the seller, Barings, and procured the buyer, Cammeby’s Management Co.
Built in 1999, the highly amenitized community features a resident clubroom with caterers, a kitchen, pool and sundeck, grilling area, business center, fitness center and yoga room. The apartments feature open floor plans, in-unit washer and dryers, walk-in closets, balconies or patios and oversized windows.
Dunne said, “We are pleased to have represented Barings in the sale of this asset. They have done a fantastic job over the years operating the property as it is one of the most sought-after communities in Bergen County. Occupancy is historically strong, and the asset is in great shape.”