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Woodmont Sells Newly Built Pennington Apartments for $116M
A leading owner and operator with a national multifamily portfolio has acquired One Hundred Forge (formerly Woodmont Forge) IN Pennington, NJ. The $115.75-million sale of the 300-unit luxury apartment
•schedule1 min read•Source: Connect CRE
A leading owner and operator with a national multifamily portfolio has acquired One Hundred Forge (formerly Woodmont Forge) IN Pennington, NJ. The $115.75-million sale of the 300-unit luxury apartment community represents a significant benchmark for the Hopewell Valley submarket, according to SAGE Real Estate Advisors. Leasing of the Class A, newly constructed property was launched in 2024 and reached full occupancy by mid-2025. SAGE partners Steve Tragash and Greg Pine represented ...
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