The Quail Ridge apartment community located in Plainsboro, New Jersey by Kushner in a transaction valued at $190 million. This is the second time Kushner has owned the asset, having sold it 11 years ago. The firm closed on the purchase of the 52 acre, 1,032 unit property on the 14th of September. Quail Ridge is located at the center of the Princeton area’s insurance, biotech and other corporate campuses. Located at 2005 Quail Ridge Dr., the complex traded for a little under $184,110 per unit. “We’re excited to continue to invest in the high-value and growing Central New Jersey residential market,” said Laurent Morali, President of Kushner. “Quail Ridge presents an outstanding opportunity to continue the expansion of our multi-family portfolio while helping to improve an already great community. It reflects our strategy of vigorously pursuing investment where we see significant potential value.”
