Cushman & Wakefield arranges equity venture for E. Orange portfolio

Cushman & Wakefield said Wednesday it had arranged joint venture equity for an 11-building multifamily portfolio in East Orange.

The New Jersey Workforce Housing Portfolio consists of 718 units situated along South Harrison Street, Park Avenue and Glenwood Avenue, the firm said in a statement.

“The portfolio’s best-in-class sponsorship, exceptional transit-oriented location and scale were extremely appealing to investors,” Cushman & Wakefield’s Steven Kohn said.

The team of Kohn, John Alascio, Brian Whitmer, Chuck Kohaut, Jessica Ke and T.J. Sullivan represented Spaxel and Atalaya Capital Management in structuring a joint venture with the Davis Cos., the firm said.

“The Davis Cos. recognized this unique workforce housing opportunity and was ultimately able to provide the most attractive terms and a seamless execution for our client,” Kohn said.