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Lincoln Equities buys Jersey Shore apartment complex for $113 million

Company plans to convert property into condominiums
Ocean Gate at the shore in Long Branch, New Jersey, will be converted into a condominium property. (Cushman & Wakefield)
Ocean Gate at the shore in Long Branch, New Jersey, will be converted into a condominium property. (Cushman & Wakefield)
CoStar News
May 29, 2025 | 4:35 P.M.

Lincoln Equities Group has acquired a multifamily rental complex at the Jersey Shore for $113 million after obtaining $121.5 million in equity and debt financing for the purchase.

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