June 26, 2020
JLL Capital Markets announced today that it has arranged a $12-million credit facility for Tower Management Service L.P. that will be secured by four separate properties. Headquartered in River Edge, NJ, Tower Management owns approximately 20 garden-style apartment communities located in New York State and New Jersey.
The line of credit will include Tower Management’s Bayard Street Apartments in New Brunswick, NJ; Spring Gardens apartments in New Providence, NJ; Windsor Terrace apartment community in New Windsor, NY; and Paltz River apartments in Montgomery, NY.
JLL’s Capital Markets team representing Tower Management was led by Thomas Didio and Zachary Chaikin.
Pictured: Spring Gardens.
For comments, questions or concerns, please contact Paul Bubny