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California Firm Buys Morristown, New Jersey, Rentals for $98 Million

Pacific Urban Residential Makes Third Northeast Purchase After Setting Up New York City Office Last Year
The Highlands at Morristown Station is in the middle of a development boom in Morristown, New Jersey. (Courtesy of Cushman & Wakefield)
The Highlands at Morristown Station is in the middle of a development boom in Morristown, New Jersey. (Courtesy of Cushman & Wakefield)
CoStar News
October 22, 2019 | 2:38 P.M.

California-based Pacific Urban Residential has made its third Northeast multifamily purchase after opening an office in the region, buying a Morristown, New Jersey, apartment building for $98 million.

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