JCMLiving acquired Avalon Wesmont Station in desirable Bergen from AvalonBay Communities, Inc. (NYSE:AVB) for approximately $160 million on April 11, 2025. A cash consideration of $161.5 million will be paid by JCMLiving. As part of consideration, $161.5 million is paid towards assets of Avalon Wesmont Station in desirable Bergen. Jose Cruz, Steve Simonelli, Michael Oliver, Elizabeth DeVesty and Austin Pierce of JLL Capital Markets represented the AvalonBay Communities, Inc.

JCMLiving completed the acquisition of Avalon Wesmont Station in desirable Bergen from AvalonBay Communities, Inc. (NYSE:AVB) on April 11, 2025.