Hudson Atlantic Realty is celebrating a strong first half of the year.

The Matawan-based real estate brokerage recently announced more than $200 million in closings recorded from January through June, adding up to over 1,000 apartments across 11 separate deals.

The results come in the company’s first full year of business. The firm attributes the numbers to its “cutting-edge market intelligence and deep relationships within the investment and development communities.”

Hudson Atlantic was founded by Jeffrey Otteau and Adam Zweibel in 2021.

In a statement, Zweibel, who serves as managing partner for the firm, delved into what he feels distinguishes Hudson Atlantic.

“Different from the scattershot approach of indiscriminately blasting an offering far and wide, or pocketing listings without proper exposure to the right buyers; our marketing plan begins with selectively engaging the right investors based upon their criteria and deal history to control exposure and maximize results,” he said. “Our ‘Whole of Company’ approach extends our reach and drives success for our clients, our professionals, and our company.”

Judging by the first half the year, Hudson Atlantic says its optimistic about the remainder.

“Multifamily apartments have proven themselves to be the premier asset class for investors over the past decade because of the durability of their income streams as our economy continues to transition toward a European Model,” Otteau, the firm’s managing broker and chief economist said.

And the firm’s optimism persists in light of current economic conditions.

It pointed out that inflationary pressures usually cause rents to increase for income-producing real estate. And those living costs are indeed going up. In June, Yardi Matrix reported that the average U.S. asking rent grew by $19 over the previous month to reach a new high of $1,706—breaking the $1,700 threshold for the first time.

Hudson Atlantic also pointed to the fact that rising interest rates can drive up demand for apartment living as homeownership moves farther out of reach. Lee & Associates offered a look at the multifamily overview in its recent Second Quarter 2022 North America Markets Report, including in  four N.J. markets: Atlantic City, which posted a vacancy rate of 3.0%; Northern New Jersey with 3.8%; Trenton with 2.6%; and Vineland with 1.5%.