November 22, 2021

Skylight Real Estate Partners Acquires 100-Unit Mixed-Use Building in Edgewater

Skylight Real Estate Partners, a recently launched real estate investment firm led by industry veterans Bennat Berger, Gavin Evans, Benjamin Joseph and Andrew Miller, closed on the acquisition of Infinity Edgewater, a 100-unit mixed-use property in Edgewater, its first deal under the company’s brand, in a joint venture with PCCP LLC, according to a Monday announcement.

Located at 340 Old River Road, the five-story building comprises a mix of one- and two-bedroom apartments with condo-level fixtures and finishes, in addition to a curated amenity suite. There is also 5,500 square feet of retail space directly below the building, which is currently occupied by a nail spa and frozen yogurt shop.

“We are thrilled to complete our first investment as Skylight Real Estate Partners with the purchase of this premium apartment community located in Edgewater, New Jersey, an extremely desirable and high-barrier-to-entry submarket,” Miller said.