August 7, 2014 at 5:36 PM
LIVINGSTON, NJ – Gebroe-Hammer Associates has been recognized for two “Top Brokers,” “Largest Multi-Family Sale” and as a “Best Place to Work” in real estate in the Mid-Atlantic region. Joseph Brecher, managing director, earned the top individual broker and largest sale honors while David Oropeza, managing director, also was recognized as a top broker.
To be eligible for the “Best of the Best” designations, companies, transactions and projects had to be located in New Jersey, Pennsylvania, Delaware, Maryland, Virginia and/or Washington, DC. Mid-Atlantic Real Estate Journal recognized Gebroe-Hammer in three categories as part of its annual “Best of the Best” issue.
“Gebroe-Hammer Associates continues to distinguish itself in the multi-family industry as a dominant force – just as it has been for the past almost 40 years – in the investment brokerage arena,” said Ken Uranowitz, president. “Our market specialists know their municipalities, property owners and investors and cities and towns – from the suburbs to urban hubs. Thanks to good old-fashioned relationships, market familiarity and creative deal structuring, they continue to close multiple sales per week.”
In addition to recording $142.865 million in sales in 2013, Brecher orchestrated the $28 million trade of Carlton Apartments in Ewing, N.J. Located in the heart of Mercer County, near area colleges and the employment centers throughout Trenton/Princeton/suburban Philadelphia, the well-maintained, amenity-filled garden apartment community garnered tremendous interest from investors. Brecher represented the seller and identified the buyer, whose plans included a capital improvement project to bring the units up to current market rates. Comprised of 144 one- and 144 two-bedroom units, Carlton Apartments also features a private swim club/recreation area, spacious floor plans, nine laundry rooms, on-site parking and basement storage.
Oropeza was recognized for spearheading the firm’s brokerage activities throughout the Oranges, one of the state’s prime commuter hubs. The 28-year company veteran, who arranged the $24 million sale of a 350-unit, six-building portfolio in East Orange and Orange, N.J., spearheads Gebroe-Hammer’s brokerage activities throughout The Oranges in Essex County. Additional sales highlights include the sale of a two-property, 74-unit multi-family package as well as representing the sellers in six separate trades located at 255 and 284 Prospect St., 162 Park Ave., 4 Chestnut St., 266 4thAve., 115 South Clinton Ave.; and 300-306 North Oraton Parkway, all in East Orange.
The firm also was acknowledged as a Best Place to Work for its superior employee training and remarkable retention rates. More than 50 percent of the employees have been with the company for more than 18 years, some spanning 25 to almost 40 years of service.
“The depth of our employee base and an ability to respond to fluctuating market cycles are at the core of our enduring success as the most active investment brokerage firm in the region,” added Uranowitz.
Established in 1975, Gebroe-Hammer Associates specializes in suburban and urban high-rise, mid-rise and garden-apartment properties throughout New Jersey and Pennsylvania, including Philadelphia, as well as New York. The firm also markets mixed-use and free-standing office and retail properties on behalf of a wide range of long-term clients, including private owners, REITS, private equity firms and other institutional investors. Widely recognized for its consistent sales performance, the firm is a 10-time CoStar Power Broker.