Briggs + Union

Rental Housing | Mount Laurel, NJ

Newly built 490-unit residential community located within the submarket of Burlington County and the greater Philadelphia area.

Investment Details

Property Type
Rental Housing
Location(s)
Mount Laurel, NJ
Units
490

Transaction Details

Acquired
2022
Purchase Price
$158 million
Ownership %
100%

Investment Details

Property Type
Rental Housing
Location(s)
Mount Laurel, NJ
Number of Units
490

Transaction Details

Acquired
2022
Purchase Price
$158 million
Ownership %
100%

Newly built 490-unit residential community located within the submarket of Burlington County and the greater Philadelphia area.

Asset Highlights

Bedrooms
The property features a variety of modern one-, and two-bedroom apartments with den options offering additional space.
Keys
Tenant amenities include resort-style swimming pool, outdoor seating area with fire pit and grilling stations, resident lounge and media theater, state-of-the-art fitness center, putting green, on-site walking trails and dog parks.
Property Income
The property has high occupancy and strong growth fundamentals in the submarket.

Location Highlights

Highway
Easy access to major highways such as New Jersey Turnpike, I-295, and routes 73, 70 and 38 – minutes from Centerton Square and other local shopping centers
Proximity
Centrally located in the charming town of Mount Laurel, between outdoorsy Southern New Jersey and the lively city of Philadelphia
Jobs
Burlington County is a major employment hub with proximity to fast-growing distribution centers, pharmaceutical and biotech firms and medical manufacturers
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Briggs and Union map image
Briggs and Union map image