Day Pitney Represents USPF Chatham LP in its $35 Million Acquisition of Chatham Village Apartments
October 11, 2019
Day Pitney LLP represented USPF Chatham LP, a partnership including Stolar Capital, Vertical Realty and EverWest Real Estate Investors (EverWest), in its acquisition of Chatham Village Apartments from Madison Hill Properties for $35.25 million. The 118-unit garden-style complex includes 40 one-bedroom and 78 two-bedroom layouts and is located in the Short Hills, New Jersey area multifamily market. The transaction was featured in an article published by GlobeSt.com, an ALM Real Estate Media Group news source. In addition to representing the partnership in connection with this purchase, Day Pitney also represented Stolar Capital and Vertical Realty in forming the partnership with EverWest.
The Day Pitney team was led by Jennifer Solberg and included Tom Zalewski, Jared Ross, Megan Bedell, Nicole Magdziak, Amanda Kronemeyer and Lauren Grillo.
Day Pitney Real Estate Partner Craig M. Gianetti authored an article titled, "New Jersey's Outdated Sewer and Water Connection Fee Statute And Challenges to Municipal Calculations," for the New Jersey Builders Association's Dimensions Newsletter.