During 2022, its first full year of business, Hudson Atlantic Realty closed more than $293 million in deals.
The Matawan-based commercial real estate brokerage recently announced the milestone, which it said covers over 1,300 apartments across 18 separate transactions.
According to the firm, the achievement is a direct result of Hudson Atlantic’s market intelligence, longstanding relationships in the investment community and its deal-making skills.
“Our success comes from crafting a targeted marketing plan which controls exposure and maximizes results by identifying the optimal buyer pool for a property based upon their investment criteria and deal history,” Managing Partner Adam Zweibel explained in a statement.
In the first six months of the year, Hudson Atlantic racked up more than $200 million in closings, representing over 1,000 apartments across 11 separate deals. The firm closed out the year by announcing two apartment complex sales for a cumulative $17.25 million.
“These results demonstrate that investors continue to seek out quality assets in desirable locations despite the current high interest rate environment,” Managing Partner Jeffrey Otteau said of the year-end totals.
Looking toward the next 12 months, Hudson Atlantic said 2023 has the potential to be even stronger than last year, with $150 million of additional sales in the pipeline that is set to close in the first quarter. According to its website, momentum is already building, with the 26-unit Tudor House in Madison sold this month.