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Invesco Real Estate Picks Up New-Construction Apartments in Union Township
CBRE closed the sale of Canter Green, a 153-unit Class A apartment community located in Union Township, NJ, for an undisclosed sum. The CBRE team, led by Jeff Dunne, Stuart MacKenzie, Zach McHale and Travis Langer, represented the seller, RMS Companies, while also procuring the buyer, Invesco Real Estate.
Completed in 2021, Canter Green is situated in a mature, infill neighborhood 40 minutes from Manhattan, and within a mile of the Garden State Parkway. The property benefits from a 30-year PILOT and has enjoyed robust leasing activity, averaging over 16 leases per month during lease-up.
“Canter Green is an exceptional, high-quality asset with one of the best amenity packages that we’ve seen, especially for a smaller suburban apartment community,” said Dunne. “The property leased up very quickly, demonstrating the resilient renter demand for Class A+ multifamily apartments in the metro New York suburbs, which bodes well for Invesco Real Estate’s investment.”
- ◦Sale/Acquisition

