Fort Lee luxury apartment community with 1,296-square-foot average units sells 

MORRISTOWN, N.J., July 29, 2026 –  JLL Capital Markets announced today that it has arranged the sale and acquisition financing of Ridge Pointe, a 132-unit premier multi-housing community in Fort Lee, Bergen County.

JLL worked on behalf of the seller, and also represented the buyer, SELA Realty Investments, LLC.  JLL also represented the buyer in securing a floating rate loan through Balbec Capital LP.

Originally built in 1985 and converted from office to residential in 2014, Ridge Pointe offers an exceptionally rare product in the Fort Lee market with units averaging 1,296 square feet, which is substantially larger than competing properties. The seven-story mid-rise building at 1 Executive Blvd. features studios, one-, two- and three-bedroom units with condo-style finishes, floor-to-ceiling windows and panoramic views of the Manhattan skyline and George Washington Bridge.

The property boasts over 20,000 square feet of luxury amenities, including a rooftop lounge, golf simulator, screening room, fitness facility, spin room, yoga room, billiards room and children's playroom. 

Located less than one mile from the George Washington Bridge, the property offers residents direct access to Manhattan via multiple NJ Transit bus stations and proximity to the Edgewater Ferry Landing – NY Waterway with service to West 39th Street in Midtown Manhattan.

Ridge Pointe benefits from Fort Lee's strong demographics, where nearly half of residents are renters with an average household income exceeding $145,000. Within a one-mile radius of the property, 79% of residents are white-collar professionals and 65% hold a bachelor's degree or higher. The property is surrounded by three Blue Ribbon schools, including Bergen County Tech, The Elisabeth Morrow School and The Roosevelt School.

JLL Capital Market’s Sales and Advisory team representing the seller was led by Senior Managing Directors Mike Oliver, Steve Simonelli and Jose Cruz, Senior Director Elizabeth DeVesty, Director Austin Pierce and Senior Analyst CJ Anania.The Debt Advisory team was spearheaded by Senior Managing Director Thomas E. Didio, Jr, Senior Director Gerard Quinn, Associate Michael Mataras and Analyst Tyler Caricato.

"Ridge Pointe's oversized floor plans create a differentiated living experience that provides families and professionals working from home with substantially more usable space than competing properties in the submarket," said Oliver. "Combined with the property's transit-oriented location, embedded upside potential from additional parking delivery and constrained new supply pipeline, this asset represents a compelling value-add opportunity in one of New Jersey's most desirable submarkets."

“There is substantial liquidity in the debt fund space today for multifamily opportunities," stated Quinn. "Balbec recognized this opportunity and was able to quickly provide an attractive financing solution for SELA in today's competitive lending environment."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Balbec Capital LP is an alternative credit platform with $8 billion of regulatory assets under management. Balbec's commercial mortgage strategy focuses on whole loan opportunities, including transitional loan origination, across major and secondary metropolitan statistical areas in the United States and Europe. More information is available at https://balbec.com/.