KISLAK IS NEW JERSEY'S #1 MULTIFAMILY BROKER

Woodbridge, NJ, Mar 24, 2010 - /FLIERWIRE/-- WOODBRIDGE, NJ, March 24, 2010 — The Kislak Company, Inc., the dominant investment real estate sales firm in the tri-state region, recently announced the firm's #1 ranking as the leading multifamily listing and selling broker in New Jersey by CoStar® Realty Information, Inc.

Rankings are based on the total number of multifamily sales transactions where a broker represented the seller or purchaser of a multifamily property. In each instance, Kislak was the #1 broker throughout New Jersey.

"I am very proud of the accomplishments of our entire sales team, especially given some of the challenges in the market over the past few years," commented Jeffrey Wiener, president and co-managing director. "We are entering our 104th year in real estate. Despite the credit crisis, recession and slow recovery, we continued to do business as we have since 1906 and retained our dominant market position."

"We handle all types of investment real estate and our specialty is multifamily properties," added Wiener. "I am constantly asked, 'How is the multifamily market?' Our market - New Jersey, eastern Pennsylvania, southern New York and Delaware - is relatively healthy. We did not experience the overdevelopment, level of condominium conversions and speculation that led to the dramatic market highs and lows that we have witnessed in parts of the Southeast and Southwest. Nor have we experienced an overabundance of distressed properties available at significant discounts."

"Multifamily properties continue to be the most desirable asset among investors as a result of their often safe and reliable returns, and financing for multifamily properties remains readily available," continued Wiener. Investors continue to seek stability and reliability. Multifamily properties remain in demand and are selling at relatively aggressive prices and low cap rates."

Recent New Jersey multifamily transactions completed by Kislak include:

• A 65-unit property in Orange for $5,050,000. Vice president Joni Sweetwood represented the seller and purchaser.
• A 55-unit property in Union City for $4,300,000. Vice Presidents Don Baxter and Jonathan Greenberg together represented the seller and purchaser.
• A 42-unit portfolio of properties in Westwood for 6,000,000. Vice president Matt Weilheimer represented the seller and one of the purchasers. Sales associate Joseph Keenan represented one of the purchasers.
• A 34-unit property in East Orange for $1,600,000. Sweetwood represented the seller and purchaser.
• A 26-unit property in West New York for $2,200,000. Baxter and Greenberg together represented the seller and purchaser.
• A 25-unit property in Passaic for $1,500,000. Vice president Robert Squires represented the seller and purchaser.
• A 20-unit property in Elizabeth for $1,400,000. Vice president Jeffrey Squires represented the seller and purchaser.
• A 16-unit property in Wallington for $2,250,000. Robert Squires represented the seller and sales associate Scott Davidovic represented the purchaser.
• 14 affordable housing units in Berkeley Heights for $1,350,000. Jeffrey Squires represented the seller and Greenberg represented the purchaser.
• A 12-unit property in Verona for $1,210,000. Sales Associate Ted Brown represented the seller and Robert Squires represented the purchaser.

The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is recognized as the dominant investment sales company serving the multifamily and retail markets. Established in 1906, Kislak's market leadership position and longevity is due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak's prestigious client base includes individual investors and owners, partnerships, financial institutions REITs. The firm's 25 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.