Value Cos. to oversee boutique rental site in Elizabeth

Clifton-based Value Cos. has added a five-story boutique rental building in Elizabeth to its roster of apartment communities in its Value Asset Management division, it announced Monday.

VAM said it has been retained by the property’s owner, a private real estate investor, to oversee the leasing, operations and marketing of the 40-unit property located at 737 North Broad St.

The building features one- and two-bedroom apartments that each have more than 800 square feet of space. It boasts amenities including stainless steel appliances, granite countertops and ceramic floors.

“737 North Broad Street is the second assignment we’ve received from the owner in the past five months, following in the footsteps of Bridgewater Square, a 100-unit rental in Somerset County. In this case, they turned to VAM for our experience and expertise managing operations for mid-sized and boutique apartments buildings in prominent urban locations.  We’re excited to add 737 North Broad Street to our portfolio,” Jack Linefsky, vice president of property management at Value Cos., said.