Chicago-based fund operator Waterton bought L Seven
CBRE is marketing the complexes
The estimated valuation is US$301/sq ft
Properties are nearly fully leased
Eastdil Secured is advising the sellers
Firm bought the properties in July as part of a larger deal
The properties are in the tony town of Montclair
Properties were part of a portfolio the joint venture recapped in 2021
Properties have 531 units combined