Gebroe-Hammer Associates, a Livingston-based real estate firm, has closed 2018 with more than $1.1 billion in transactions and 8,200 units in total, it announced Tuesday.
“Since Gebroe-Hammer’s primary focus is multifamily property sales, these totals are solely attributed to apartment buildings that run the full spectrum of asset classes — from Class A trophy buildings to value-add Class B/C midrise properties and garden communities poised for capital improvements, unit renovations and repositioning,” Ken Uranowitz, Gebroe-Hammer president, said. “No other firm — regional or national — within our submarkets can even come close to these benchmarks, which exclude office, industrial, retail properties and leasing activity.”
Gebroe-Hammer said in December 2018 it arranged 14 trades valued at more than $114.21 million with 1,076 units throughout North and Central Jersey.
“Our brokerage professionals are deeply entrenched in the tri-state area’s ever-evolving multifamily investment markets. As a result, our area expertise, coupled with an expanding client base and services, has grown at a pace commensurate with the surging development and gentrification of urban and suburban municipalities during the past decade,” Uranowitz said.