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.
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