**Pentaurus Properties Acquires Marc Hampton Apartments in Matawan, NJ**
Pentaurus Properties, a New Jersey-based family office, has acquired the Marc Hampton Apartments, a 124-unit garden-style apartment community located in Matawan, NJ, within Monmouth County. The property had been owned by the original developer’s family since its construction in the 1960s. Terms of the deal were not disclosed.
The transaction was arranged by Berkadia’s Morristown office, with senior managing director Nat Gambuzza and senior director Trevor Fiebel representing the buyer. Colliers’ team, including Joseph Garibaldi, Thomas Walsh, and Nick Vanderslice, represented the seller.
“Value-add, garden apartment communities are the most sought-after product in our space,” said Gambuzza. “This type of product, with good bones and an ability to modernize to today’s standards, will remain the area where investors seek to place capital.”
Situated at 171 Matawan Avenue, the community spans 10 acres and includes 11 two-story buildings featuring a mix of one- and two-bedroom layouts, each with semi-private entrances. On-site amenities include 151 surface parking spaces, 21 income-generating garages, and a revenue-generating common laundry facility.
