Valley View Apartments in Paterson, New Jersey, trades

• JLL Capital Markets facilitated the sale of Valley View Apartments, a 100-unit multifamily community in Paterson, New Jersey, from Redwood Associates, an affiliate of Value Companies, Inc. to EOM Equity.

• Valley View Apartments is 99% occupied and offers income upside through unit renovations.

• Paterson is New Jersey's third-largest city and asking rents in the Passaic County submarket have grown more than 8% over the past three years.

MORRISTOWN, N.J., Sept. 1, 2026 –  JLL Capital Markets announced today that it has closed the sale of Valley View Apartments, a 100-unit multifamily community in Paterson, New Jersey.

JLL represented the seller, Redwood Associates, an affiliate of Value Companies, Inc., in the transaction. EOM Equity acquired the asset.

Built in 1965, Valley View Apartments consists of 79,661 rentable square feet, comprising 76 one-bedroom and 24 two-bedroom homes, averaging 797 square feet overall. Units at the 99% occupied property feature air conditioning, energy-efficient windows, abundant closet space and wall-to-wall carpeting or hardwood flooring, with dishwashers and microwaves available in select homes. Community amenities include on-site laundry, professionally landscaped grounds and extra storage space. Residents have also benefited from ongoing capital improvements over the past several years.

Valley View Apartments is located at 149 Katz Ave. on the border of Paterson, near Wayne and Haledon, with access to the Garden State Parkway and Route 80. Paterson is New Jersey's third-largest city, positioned about 20 miles from Manhattan. Passaic County has an average household income of $118,233 and an average home value of $540,882, with 56% of the workforce in white-collar occupations. Asking rents in the submarket have grown more than 8% over the past three years.

The JLL Capital Markets team was led by Senior Managing Directors Jose Cruz, Mike Oliver and Steve Simonelli, along with Senior Director Elizabeth DeVesty and Director Austin Pierce.

“Valley View has been a well-maintained, stabilized asset in one of New Jersey's most established multi-housing markets, and that gave the buyer real confidence in the underlying real estate,” said Cruz. “There's also clear upside ahead through unit renovations and additional income opportunities.”

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 112,000 as of June 30, 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. 

Value Companies, founded in 1952, is a leading real estate development, investment and management company headquartered in northern New Jersey. The company owns and manages including 3^rd party assignments, a portfolio of 3,500 residential apartments located throughout New Jersey, New York and Connecticut. Additionally, Value has embarked on $100 million in new apartment development and investments in strategic suburban and urban locations. Value’s third-party management business, Value Asset Management, provides full-service management capabilities and customized asset solutions to a growing list of third-party real estate investment and property owner clients.