Rockpoint Acquires The Morgan Provost Square in Jersey City

Rockhill, Rockpoint's Dedicated Property Services Affiliate, to Manage Property, Including Upgrades to Resident Experience

BOSTON, Oct. 14, 2025 /PRNewswire/ -- Rockpoint, a Boston-based real estate private equity firm, today announced the acquisition of The Morgan Provost Square ("The Morgan"), a Class A apartment community located in the Waterfront submarket of Jersey City, New Jersey. Financial terms of the transaction were not disclosed.

The Morgan includes 417 multifamily units, 372 covered parking spaces and approximately 12,700 square feet of fully leased ground floor retail space across five suites. Rockhill Management ("Rockhill"), Rockpoint's dedicated property services affiliate, will manage the property and oversee significant upgrades intended to further elevate the resident experience.

"The Morgan Provost Square is a terrific addition to our multifamily portfolio," said Dan Domb, Managing Member and COO at Rockpoint. "Rockpoint's deep familiarity with Jersey City and the broader Hudson waterfront, combined with our vision for enhancing the resident living experience in collaboration with the Rockhill team, positions the community as a desirable living space in a growing and dynamic neighborhood with easy commuting access to Manhattan and other employment centers."

Rockpoint has a longstanding history of investing in the residential sector and has closed on or committed to 140 residential investments since 1995, comprising more than 97,000 multifamily units, including a prior large investment in Veris Residential. The firm's current investments in New Jersey's Gold Coast market include The Declan, the first of three ground-up luxury developments in the Port Imperial submarket that began leasing last year, and Embankment House, a stabilized Class A community in the Hamilton Park neighborhood of Jersey City.

"We are excited for the opportunity to elevate the resident and retail tenant experiences at The Morgan," said Erin Beitz, Executive Vice President, Residential at Rockhill. "We look forward to bringing our understanding of resident needs to enhancing a well-built property and offering the high-end living experience sought by the discerning renter in Jersey City."

The property is located within walking distance of the Grove Street PATH station and provides easy access to I-78 and the Holland Tunnel, offering multiple direct routes to New York City. The surrounding Gold Coast market is undergoing significant urban revitalization and has become a highly desirable destination.

The Morgan Provost Square features oversized units with 10- and 12-foot ceilings, expansive windows and high-end finishes. Outdoor resident amenities include a rooftop pool, courtyard, fire pit, dog park and outdoor dining. Indoor amenities include a fully equipped fitness center, a coworking lounge, clubroom, communal library, gaming lounge, a children's playroom, dog spa and coffee lounge. The building also offers 24/7 concierge and package services, and secured parking and bike storage are available.

JLL Capital Markets advised Rockpoint on acquisition financing and represented the seller in the transaction.

About Rockpoint
Rockpoint is a real estate private equity firm that employs a fundamental value approach to investing, targeting select product types and markets throughout the United States. The firm applies a consistent and disciplined investment approach across its investment programs, which span distinct return profiles. Rockpoint continually assesses market opportunities and evaluates potential investments relative to intrinsic value, replacement cost, and cash flow, targeting investments that Rockpoint believes are inefficiently priced or misunderstood by the broader market. Rockpoint proactively pursues opportunities that exhibit strong value potential that can be realized through impactful asset management. Since 1994, the firm's co-founders with others have sponsored 19 investment vehicles and related co-investment vehicles through Rockpoint and a predecessor firm and have invested or committed to invest in 512 transactions with a total peak capitalization of approximately $82 billion. To learn more, visit www.rockpoint.com.

About Rockhill Management
Rockhill Management, L.L.C. ("Rockhill"), an affiliate of Rockpoint, is a dedicated property services management company that serves commercial and residential properties in select markets throughout the United States. Rockhill employs a responsive, tailored approach to property and relationship management in order to deliver customized service, premium amenities, and intentional communities across Rockpoint's portfolio. Since inception, Rockhill has provided property management, project management, and other services to properties representing approximately 56.9 million square feet. To learn more, visit www.rockhillmanagement.com.

Contacts

Rockpoint
Sarah Salky / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
[email protected]

SOURCE Rockpoint Group, L.L.C.