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Kushner Refinances Second Multifamily Tower in Jersey City

Wells Fargo Provides $350 Million for 68-Story Journal Squared Apartment Tower
Journal Squared Tower 2, the taller of two side-by-side multifamily buildings in Jersey City, New Jersey, has seen strong demand for apartment rentals since opening in June. (James Hooker/CoStar)
Journal Squared Tower 2, the taller of two side-by-side multifamily buildings in Jersey City, New Jersey, has seen strong demand for apartment rentals since opening in June. (James Hooker/CoStar)
CoStar News
January 18, 2022 | 7:15 P.M.

Wells Fargo has launched a $216.5 million single-borrower commercial mortgage-backed securities deal, Wells Fargo Commercial Mortgage Trust 2022-JS2, tied to Kushner Real Estate Group’s Journal Squared Tower 2, a 704-unit luxury high-rise apartment tower in Jersey City, New Jersey, according to a presale report by S&P Global Ratings.

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