Aker, Benefit Street JV buys 348-unit, 55 Riverwalk Place, in New Jersey for $159M ($455k/unit) from PGIM

1/9/2025

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MHN

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: PGIM Real Estate (Prudential), Marcus & Millichap (NYSE: MMI)

PGIM Real Estate has sold 55 Riverwalk Place, a 348-unit multifamily community in West New York, N.J., for $158.5 million to a new joint venture between a global institutional investment manager and Aker Cos., a NYC-based multifamily owner and operator, public records show.