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Greystar Pays $51.3M for The Monroe

AMLI Residential Sells 149 Units in Morristown
By Justin Sumner
CoStar News
June 19, 2014 | 3:23 P.M.

Charleston, SC-based Greystar Real Estate has closed on its previously-announced acquisition of The Monroe, a 149-unit apartment building at 30 Cattano Ave. in Morristown, NJ. AMLI Residential Properties LP sold the property for $51.25 million, or about $344,000 per unit.

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