CAPRE’s Northern New Jersey & Gold Coast Investment Outlook Preview: Mill Creek’s Russell Tepper Says Gold Coast Insulated from Potential Slow-Down

JERSEY CITY, NJ -- Russell Tepper serves as Senior Managing Director for Mill Creek Residential Trust, with overall responsibility for all development activities in Mill Creek’s Northeast Region, including New York, New Jersey, Connecticut and Pennsylvania. From 1993 – 2013, Russell’s management responsibilities had grown extensively, culminating in the development of Matrix Development Group’s urban redevelopment portfolio and mixed-use investments throughout New Jersey and suburban Philadelphia. In this role, he managed the development of over 5 million SF of commercial property and over 2,000 residential units. He is an executive board member of the New Jersey chapter of NAIOP and is licensed in New Jersey. In anticipation of CAPRE's Northern New Jersey & Gold Coast Investment Outlook, CAPRE asked Russell to share some insight into the Gold Coast commercial real estate arena. CAPRE:  What are you looking forward to about CAPRE's upcoming New Jersey & Gold Coast Investment Outlook? Tepper: I look forward to the great networking opportunity CAPRE's New Jersey CRE Summit provides me to connect with fellow executive-level real estate professionals that are experiencing and tackling similar development challenges, as well as benefit from the exchange of problem-solving ideas. CAPRE: What kind of demand drivers are setting the pace in the New Jersey multifamily arena? Tepper: Northern New Jersey has long been a perpetual beneficiary of growth in the overall New York Metro market where many sectors of the population do not wish to own a home, but rather…