WOOD PARTNERS OPENS NEW JERSEY OFFICE

SUMMIT, N.J. – July 6, 2015 – Wood Partners, one of the nation’s most active and progressive multifamily investment firms, has opened an office in Summit, N.J., and is actively pursuing sites permitting the construction of multifamily housing ranging from 150 to more than 500 homes.

Wood Partners’ vice president of development Peter B. Lijoi, an attorney and 32-year Summit resident, is spearheading the New Jersey office. Throughout his career, Lijoi has worked with national public and private homebuilders as well as state and local governments. He is a member of the New Jersey and New York Bar and is on the Union County Board of Taxation. Before he joined Wood Partners, Lijoi worked with the New Jersey Urban Enterprise Zone Authority and Fairfield Residential Co., LLC.

“Wood Partners is a top-flight national housing developer, and this is an excellent opportunity for me to help the firm expand into the New Jersey metro market,” Lijoi said.

According to Lijoi, the goal of the New Jersey office is to develop a pipeline of residential multifamily communities, including stylish garden apartments, urban projects and high-quality transit-oriented housing communities. Wood Partners is currently working on high-rise and midrise opportunities along the Hudson River waterfront and transit-oriented developments in northern New Jersey counties.

Northern New Jersey (including Hudson, Morris, Essex, Union and Bergen counties) is a high barrier-to-entry market, with limited new inventory for apartment developers. This is why new apartment communities, located along transit routes that serve New York City and strong employment centers such as Morris County, command competitive rents and strong value propositions.

“New Jersey’s regional position in the New York Metropolitan Area and regional economics make it a critical apartment market for Wood Partners,” said Rick Dickason, director of Wood Partners’ Northeast region. “Skyrocketing land prices and rent growth in Manhattan make the Hudson River waterfront a desirable alternative”

About Wood Partners

Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 53,000 homes with a combined value of more than $8.3 billion nationwide. The company currently owns more than 75 properties with a combined total of 21,000+ units. Wood Partners has offices in 18 major markets nationwide including Atlanta, Austin, Baltimore, Delray Beach/South Florida, Boston, Charlotte, Chicago, Dallas, Denver, Houston, New York, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn more about Wood Partners, please visit our website, www.woodpartners.com and follow our social media accounts, Twitter, Facebook, LinkedIn and Apartment Life Blog.