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… The area serves middle-income renters commuting to the major employment centers in and around the capital of Trenton and central New Jersey. Comprising 372 units in 31 buildings, the investment was made on behalf of a PRG institutional real estate fund focused on residential assets in the tri-state region of New York, New Jersey and Connecticut.”This is a perfect time to invest in multifamily in the tri-state area,” said Udi Kore, PRG vice president. “New Jersey has strong apartment fundamentals with virtually no new construction in more than three years and a demand that continues to outpace supply. In addition, historically low interest rates and a rental market on the upswing make value-added multifamily deals a very attractive investment for institutional capital from around the globe,” he added…