News release

Class A Livingston New Jersey multi-housing development secures $49.7M construction loan

JLL Capital Markets arranged construction financing for the 169-unit Highgate at Livingston in Livingston, New Jersey

June 22, 2023

Jenna Sharp

Capital Markets PR
+1 214 438 6450

MORRISTOWN, June 20, 2023 – JLL Capital Markets announced today that it arranged a $49.7 million construction loan for Highgate at Livingston ("Highgate"), a 169-unit, mid-rise, Class A, luxury apartment development located in Livingston, New Jersey.

JLL worked on behalf of the borrower, Continental Properties, to secure the floating-rate construction loan with Truist Bank.

The four-story Highgate at Livingston will offer 141 luxury market-rate units featuring well-designed one-, two- and three-bedrooms luxury units. Units will feature designer kitchens with stainless steel appliances, nine- and ten-foot ceilings, oversized windows, walk-in closets, in-unit washers/dryers, upgraded fixtures and numerous smart technologies. Highgate's interior will feature rich luxury amenities, including a hotel-style lobby with a multi-story fireplace, an upscale clubroom, private dining, a state-of-the-art fitness center with a yoga studio, a co-working lounge and more. Outdoor amenities center around a lavish "lifestyle" courtyard with a resort-style pool, fire pits, outdoor kitchen, bar, outdoor TV lounge, dog run and more.

Highgate is located on Eisenhower Parkway, providing easy access to I-280, I-287, I-78, Route 24 and commuter bus and rail service to Manhattan.  Highgate is also located nearby Cooperman Barnabas Medical Center, one of the Region's largest and most respected hospitals with 597 beds and thousands of employees.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Michael Gigliotti, Managing Director Matthew Pizzolato, Vice President Michael Lachs and Analyst Benjamin Morgenthal.

"In a challenging debt market, Truist saw the extraordinary combination of a best-in-class developer, a strong local market and the exceptional quality of the project. They delivered competitive loan terms meeting our client's expectations," said Gigliotti.

Pizzolato added, "Upon completion, Highgate at Livingston will be the highest quality luxury community in Livingston to date. The project will set a new bar for finishes and amenities for a discerning and underserved market. We are proud to play a role in bringing this important project to the market."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Continental Properties

Continental Properties is a privately owned real estate firm primarily focused on the development, redevelopment, and management of residential and commercial real estate investments throughout the United States. Continental Properties has actively built over 25,000 homes and residential residences throughout New Jersey, New York, Florida, California, and other locations. The company is among the largest and most successful residential building and development organizations in the United States. Continental Properties focuses primarily on major metropolitan markets, seeking both development and re-development residential investment opportunities. The company has extensive experience successfully executing investment strategies, and continually seeks new opportunities in marketplaces with high barriers to entry and where locational advantages exist. Continental Properties currently owns and operates over 5,000 multi-family units in New Jersey.