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N.J. firm buys New Castle apartments for $16M

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NEW CASTLE – A New Jersey-based multifamily real estate investment and operating firm continues to invest heavily in Delaware, adding a New Castle apartment complex to its portfolio last month. Montium, a 2-year-old firm based in Lakewood, N.J., and led by founding partners Sam Tress, Ben Ferziger and Israel Mendlowitz, had already acquired seven apartment

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