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SELA acquires a 106 unit complex for $24 million in NJ

PropertyMarch 24, 2017

MOUNT ARLINGTON, NJ — SELA Realty Investments, The Fort Lee based Real Estate investment and Management Company had announced its recent acquisition – a 106 unit complex for 55+ in Mount Arlington, NJ. Tal Steinberg, managing member for SELA said: "We are pleased to add this beautiful building to our portfolio. It was built approx 12 years ago, and the builder spared no expense with the level of quality and the amenities. The tenancy is really amazing and it was run smoothly by the previous owner however we are planning to add some activities and amenities to the senior community in order to raise resident satisfaction and increase occupancy levels that had been down these past couple of years"