Colony Hills Capital Buys 440-Unit Plainsboro Apartment Complex for $115M
Colony Hills Capital has purchased Addison at Princeton Meadows, a 440-unit garden apartment complex in Plainsboro, NJ., for $115 million from KRE, a NJ-based real estate investment, development, and property management firm.
Located at 2821 Pheasant Hollow Dr, the Class B asset features two-story buildings and amenities such as a swimming pool, tennis and basketball courts, and a fitness center. Buyer plans to continue improving the property’s community spaces and existing unit renovations.
GFI Realty Services advised the buyer in the transaction with a team led by Allan Szlafrok, Eli Maryl, Ohad Babo, and Michael Weiser.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.