➤ Key Highlights
A 10-property, 540-unit multifamily portfolio in Union County sold for approximately $90 million.
Seller: Landmark Cos..
Transaction was executed off-market by The Kislak Co..
Average pricing landed near $167,000 per unit.
Assets are primarily garden-style, stabilized properties.
Deal ranks among the largest Northern New Jersey multifamily trades entering 2026, per NJBIZ reporting.
A sizable Union County multifamily portfolio quietly changed hands in an off-market transaction totaling roughly $90 million. The 540 units span ten stabilized properties, reflecting investor willingness to deploy capital into suburban, income-producing apartments without a public marketing process. The execution underscores active buyer interest at the start of 2026, even as broader capital markets remain selective.
This transaction reinforces that well-located, stabilized multifamily assets continue to clear at meaningful scale. Off-market execution suggests depth of capital and urgency among buyers seeking predictable cash flow rather than speculative development risk. Pricing provides a fresh benchmark for suburban New Jersey assets and signals that liquidity remains available for clean portfolios.
More owners of stabilized Class-B portfolios may test the market privately, especially those with well-documented operations and modest value-add potential. Expect continued emphasis on scale, operational efficiency, and submarkets with strong commuter access as investors recalibrate deployment strategies for 2026.
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➤ TAKEAWAY
A $90 million off-market sale of a 540-unit Union County multifamily portfolio confirms sustained investor demand for stabilized suburban rentals. The deal sets an early-year pricing reference, highlights capital depth outside public listings, and suggests liquidity remains available for scale portfolios with durable cash flow characteristics.
