Occupancy Rates Illustrate Ongoing Demand For Rental Residential Housing in NJ

July 16, 2026

SKG Living at River Park in Union, New Jersey, at 95% Occupancy as SKG Capital Marks One-Year Anniversary of Acquisition

UNION, N.J. — July 13, 2026 — SKG Living at River Park, a modern, transit-oriented multifamily property in Union, New Jersey, remains more than 95 percent occupied as owner SKG Capital marks the one-year anniversary of the acquisition. The occupancy at the 36-unit community tracks other housing in the SKG portfolio and reflects continued demand for well-located, commuter-friendly rental housing in New Jersey.


The acquisition came as New Jersey's multifamily market rebounded sharply, with sales volume reaching $2.3 billion in 2025, a 136.2% year-over-year increase, as investors returned to the sector amid record statewide occupancy of 94.1% and continued demand for well-located, transit-oriented communities, according to a Cushman & Wakefield report.


Acquired in June 2025 for $15 million, SKG Living at River Park expanded SKG Capital's New Jersey multifamily portfolio with a modern, transit-oriented community in Union. The property includes 36 residential units and approximately 1,650 square feet of ancillary retail space. Built in 2022, the well-amenitized asset features a 24/7 fitness center, community lounge and rooftop, and is located on the park near Union Train Station, Kean University and nearby restaurants, positioning it as a true live-work-play destination with convenient access to major highways and regional employment centers.


"SKG Living at River Park reflects the type of asset investors and tenants desire: modern, well-located housing in a high-demand New Jersey submarket with strong commuter access," said Sanjay Garg, Founder and Managing Principal of SKG Capital. "After one year of ownership, we're pleased with the property's performance and remain committed to delivering a high-quality living experience for residents while creating long-term value."


Located near Union Train Station, SKG Living at River Park offers residents access to housing with direct connectivity to regional employment centers, retail and major transportation corridors. As demand for housing near transit hubs continues to grow, SKG Capital will continue to focus on properties that provide convenient access to transportation, employment centers and neighborhood amenities while supporting long-term value through active ownership.


About SKG Capital


SKG Capital is a privately owned, vertically integrated real estate investment and operating company focused on acquiring, improving and managing multifamily assets throughout the Greater New York City area. Since 2011, the firm has expanded from an initial $5 million portfolio to more than $100 million in assets under management through disciplined, long-term investment. SKG Capital oversees acquisitions, asset management, leasing and property management through its integrated platform, with a focus on creating long-term value through operational excellence and strategic capital deployment. For more information, visit www.skg-capital.com.

Why Renting Continues to Gain Ground in New Jersey

June 23, 2026
For many years, renting was a temporary stop on the path to homeownership. Today, that path looks very different. Across New Jersey, prospective buyers are facing home prices that remain high, property taxes that continue to climb, and borrowing costs that have stayed elevated longer than many expected. Many of those who planned to buy homes are holding until their position strengthens. Spend time in New Jersey's suburban markets and the challenge becomes obvious. Even households that qualify for a mortgage often pause once they calculate what ownership will actually cost with insurance costs, property taxes, etc. Interest rates haven't helped the equation. Given elevated inflation, very few expect mortgage rates to decline meaningfully in the near term. While borrowing costs are not historically high, they remain higher than the rates buyers grew accustomed to during the previous decade. Some prospective homeowners are waiting for conditions to improve, while others have chosen to rent for the foreseeable future. Key to this decision is the growing recognition that renting no longer means sacrificing lifestyle. Walk through many of New Jersey's multifamily communities and you'll find residents living in amenity-filled spaces near train stations, downtown districts, restaurants, parks, and employment centers. Importantly, these locations offer easy access to surrounding neighborhoods and Manhattan.  Nobody can predict exactly where interest rates or home prices will go next. What we do know is that people are gravitating toward communities with good transportation and live/work/play dynamics. Those fundamentals have not changed, which is one reason rental housing continues to perform well and attract investment across many New Jersey markets.

Why More Real Estate Capital Is Looking at New Jersey

June 23, 2026
For years, New York City was the automatic answer for many real estate investors. If capital wanted exposure to the region, it often started in Manhattan and worked outward from there. Lately, those conversations have begun to change. Investors are paying closer attention to operating costs, regulations, and the long-term predictability of an investment. As those factors become more important, many are widening their search beyond the five boroughs and taking a fresh look at markets across the Hudson River. New Jersey continues to offer something that is increasingly difficult to find: access to one of the world's largest employment centers combined with the ability to invest in communities where growth remains achievable. What makes the state particularly attractive is that residents are not choosing between New York and New Jersey. For many, New Jersey is part of the same economic ecosystem. A resident can live in Union, Elizabeth, or East Orange, commute into Manhattan, and remain connected to the opportunities that make the New York metropolitan area one of the strongest regions in the country. The train ride may be different, but the relationship to New York remains. That dynamic has not gone unnoticed by investors. Capital that may have traditionally focused on New York City is increasingly exploring opportunities in transit-oriented New Jersey markets where demand remains steady and communities continue to attract residents. The appeal extends beyond proximity to Manhattan. Investors are finding growing downtowns, improving infrastructure, and neighborhoods that continue to benefit from population and employment growth.  Nobody is suggesting that New York City will stop attracting investment. It remains one of the most important real estate markets in the world. Yet more investors are recognizing that some of the most compelling opportunities in the region may be found just across the river, in communities where strong fundamentals and long-term demand continue to support multifamily housing.

Press Release: SKG Capital Secures Dual Agency Refinancings for East Orange Portfolio

June 15, 2026
Transactions Deliver More Than $9 Million in Agency Financing While Strengthening Long-Term Capital Positions at Two East Orange Assets  EAST ORANGE, N.J. — June 15, 2026 — SKG Capital, a vertically integrated multifamily real estate investment and operating company focused on the Greater New York City market, has completed two agency refinancings across its East Orange multifamily portfolio, securing more than $9 million in new financing. The transactions involved 110 Halsted Street and 209 William Street, two transit-oriented multifamily assets that have benefited from strong operating performance and steady demand. Together, the refinancings enhance the firm's capital position while providing long-term financing stability across both properties. SKG replaced the existing debt at each asset with larger agency loan facilities tailored to the properties' performance and operating profiles. The attractive financing structures support property performance and long-term flexibility. "We're pleased with the outcome of both transactions," said Sanjay Garg, Founder and Managing Principal of SKG Capital. "These properties have performed well, and the new financing gives us additional flexibility while ensuring long-term stability for the assets. East Orange continues to be an important market for us, and we remain focused on creating value through active management, disciplined execution and thoughtful capital allocation." The closings come as multifamily owners across the region continue to work through a higher-rate environment, with many looking for ways to improve their capital structures. For properties with strong occupancy and steady rent performance, agency financing remains one of the more reliable sources of debt, giving owners a path to refinance existing loans, access equity created at the asset level and preserve flexibility for future investments. That favorable capital markets activity is tied to the appeal of transit-oriented New Jersey multifamily. Investors are looking beyond New York City for stable rental assets that still give residents a direct connection to Manhattan, and East Orange is an example of this. With relative affordability, NJ Transit access and proximity to the city, well-located apartment communities in the market are functioning as part of the broader New York housing ecosystem. About SKG Capital SKG Capital is a privately owned, vertically integrated real estate investment and operating company focused on acquiring, improving and managing multifamily assets throughout the Greater New York City area. Since 2011, the firm has expanded from an initial $5 million portfolio to more than $100 million in assets under management through disciplined, long-term investment. SKG Capital oversees acquisitions, asset management, leasing and property management through its integrated platform, with a focus on creating long-term value through operational excellence and strategic capital deployment. For more information, visit www.skg-capital.com.