Industry Veterans Close First Acquisition with New Vehicle
Skylight Real Estate Partners, a privately held real estate investment firm, has acquired Infinity Edgewater, a 100-unit mixed-use property in Edgewater, NJ. In a joint venture with PCCP, Skylight closed its first deal under the leadership of industry veterans Bennat Berger, Gavin Evans, Benjamin Joseph, and Andrew Miller.
Located at 340 Old River Rd. in this high-barrier-to-entry Bergen County submarket, the five-story building comprises a mix of one- and two-bedroom apartments with condo-level fixtures and finishes. The property also features a curated amenity suite
“This acquisition directly aligns with our core investment thesis, which focuses on assets in supply constrained markets that allow our team’s diverse experience to add value through enhancements, or development executions,” said Miller. “We are grateful to our partners at PCCP and look forward to expanding our footprint together in established and stable markets across the East Coast.”
- ◦Sale/Acquisition