• Allen Popowitz & Alan Hammer

Brach Eichler’s CRE industry outlook for 2020 reveals growth

ROSELAND, NJ — The real estate practice at Brach Eichler, a Roseland, NJ based law firm, has announced that it closed just under $2.05 billion in real estate deals in 2019. Real Estate Practice Chair Allen Popowitz said the strong year was a continuation of a positive trend in real estate throughout the mid-Atlantic states. Among the highlights: • The strongest sector was multifamily, with 25,000 total units across 80 transactions, representing sales, purchases and refinancing. This included one deal with more than 6,000 apartments with a transaction value over $1 billion. The predominant property locations for multifamily included NJ, NY, NC, PA, DE, MD, MI, and VA. • Other significant deals for private investors included: ▪ Over 1,500 apartments in Michigan for one investor (five properties) ▪ The refinancing of 11 properties containing almost 3,000 units in the Capital District of New York



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