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Prism, Angelo Gordon Inject $120M Into NJ Apartment Plan

Law360 (March 12, 2018, 7:07 PM EDT) -- New York-based real estate investment trust Angelo Gordon & Co. LP and developer Prism Capital Partners LLC unveiled a $120 million plan of investment and renovation for turning the Wonder Lofts building in Hoboken, New Jersey, into a luxury apartment building, the companies said Monday.

As part of Angelo Gordon and Prism Capital’s development and recapitalization plan, the former industrial facility will be converted into an apartment building consisting of 89 units with over 10,000 square feet of total indoor and outdoor amenity space. The project...
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