Goldman Sachs Asset Management, Kushner Real Estate Group sell N.J. apartment community

A joint venture between the real estate business within Goldman Sachs Asset Management and Kushner Real Estate Group has sold Addison at Princeton Meadows, a 440-unit, garden-style multi-housing community located in Plainsboro, N.J.

The financial terms and new owner were not disclosed.

Built in 1979, Addison at Princeton Meadows consists of studio, one- and two-bedroom apartment homes across 28 two-story buildings. The majority of units have undergone recent renovations and include stainless-steel appliances, updated backsplash and countertops, hard flooring, patios/balconies, and in-unit washers and dryers. Community amenities include an outdoor swimming pool with fire pit, tennis and basketball courts, dog park, fitness center, children’s playground, and a BBQ and picnic area. Additionally, the community is fully approved for the construction of a state-of-the-art clubhouse, which will house a new fitness center and lounge for residents.

Located at 2821 Ph