Cushman & Wakefield served as the exclusive advisor to KRE Group in securing a $90 million fixed-rate loan for the refinancing of the Beacon Hill apartment community in Marlboro.
KRE Group opened the community in late 2024, and it has since reached 100% lease-up, demonstrating the depth of demand for high-quality rental housing in the region.
The financing, provided by New York Life, supports the best-in-class asset, which features 285 apartments, including 63 affordable units, across 14 garden-style buildings set on 47 acres.
Alan Blank, Gideon Gil, Zach Kraft and Dale Braverman of Cushman & Wakefield’s Equity, Debt & Structured Finance group advised the borrower.
“The financing of Beacon Hill marks a major milestone for the KRE Group and is a clear vote of confidence in both the asset and KRE’s broader development strategy,” Blank said. “Beacon Hill’s remarkable pace of leasing since day one speaks to the demand for high-quality, luxury rental communities in well-located suburban markets like Marlboro and Monmouth County more broadly.”
“Securing this long-term loan underscores the strength of Beacon Hill as a core asset in our portfolio and reinforces our continued commitment to delivering market-leading, institutional-caliber residential communities in high-demand suburban markets,” Jon Kushner, president of KRE Group said. “Achieving full lease-up so quickly reflects the quality of the product and the resilience of the Marlboro market. We appreciate the Cushman & Wakefield team for their expertise in arranging this financing and are pleased to work with New York Life to position this asset for lasting success.”
Beacon Hill community offers spacious two-bedroom units, some of which feature additional den or office spaces—ideal for today’s in-demand flexible living needs. An impressive array of amenities includes a 4,000-square-foot clubhouse complete with a state-of-the-art fitness center, a clubroom with billiards, a fireplace, a large-screen TV, and complimentary coffee, as well as a co-working lounge and an entertainment-ready kitchen and dining area.
Outdoor amenities elevate the living experience further, featuring a four-seasons lounge with a bar, outdoor grills and games, fire pits, a dog park, and a resort-style pool.
Conveniently situated at 100 Buckingham Street, the property enjoys strategic access to Routes 79 and 34, offering proximity to Monmouth County’s top dining, shopping, and entertainment options. Beacon Hill also provides excellent connectivity to New York City, with the Aberdeen-Matawan and Hazlet NJ Transit stations both located within a 10-minute drive.
