Thousand Oaks Sold, Renamed Atlantic Pointe

Thousand Oaks, the 304 unit garden apartment complex on Route 36 in Middletown (Atlantic Highlands mailing address) has been sold for $56 million and will be renamed Atlantic Pointe.

The new owner, 165 Thousand Oaks Dr, LLC, a Delaware Limited Liability Company, is a partnership between the Kushner Real Estate Group (KRE) of Bridgewater, NJ and and Verde Capital of Conshohocken, PA. , according to reports at NJ.com and app.com.

The transaction, which was signed on July 11 and recorded on July 20, was financed by a $51,970,000 mortgage that was assigned to Federal Home Loan Mortgage Corporation (Freddie Mac), according to documents filed with the Monmouth County Clerk’s office. Read the rest of this entry »

Posted: July 30th, 2018 | Author: | Filed under: Middletown, Monmouth County News | Tags: , , , , , , , , | 2 Comments »