Paul McCormick
Partner - Sales Management
Ariel Property Advisors
Ben Schlegel
Director - Capital Services
Ariel Property Advisors
NEW YORK, NY – December 11, 2025 – The Ariel Property Advisors’ Capital Services Group has arranged an $8.1 million equity financing package for the acquisition of a 70-unit multifamily property in West Orange, NJ.
An Ariel team led by Paul McCormick, Partner – Sales Management, and Ben Schlegel, Director, represented the borrower.
“Despite political and economic uncertainty, equity continues to flock to well-located, newer multifamily properties like this one located in a suburb outside of New York City,” Schlegel said.
The Class A, 80,000-square-foot property was built in 2023 and sits across the street from the 1,550-space Essex County Park N Ride. The property also includes two commercial units, including a school facility.
