New Jersey Multifamily Investment Offering With 20% Target IRR

The RealtyMogul real estate investing platform has a new offering. The Irondale at Wharton will bring 60 new class-A multi-family units to the lucrative Morris County, New Jersey submarket. Morris County offers residents easy access to public transportation hubs connecting to New York City. It’s also close to freeways, with Interstates 80, 287 and Route 46 offering easy routes into the greater tri-state area.

It is home to 33 Fortune 500 companies who have operations in Morris County, including Pfizer, Exxon/Mobil and Novartis. Adding to the appeal of the offering is Morris County’s average apartment occupancy rate of nearly 95% and upward trend in rents, which have increased almost 8% in the last year alone.

Investment Highlights​

The Irondale will be built ...

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