Properties are nearly fully leased
Eastdil Secured is advising the sellers
Firm bought the properties in July as part of a larger deal
The properties are in the tony town of Montclair
Properties were part of a portfolio the joint venture recapped in 2021
Properties have 531 units combined
The firm bought the property in 2019
Sparrow most recently was head of alternative assets in Canada
The properties are spread across 11 markets