People Want to Live in Jersey City, But What if They Can’t Reliably Get to Manhattan? | Silverman’s John Reichart Previews CAPRE’s NJ Apartment Summit

JERSEY CITY, NJ — SILVERMAN has created over 1,000 residences and over 500,000 square feet of commercial and light industrial space, translating to thousands of jobs and new homes. What started 35 years ago as an architectural vision for Jersey City’s downtown has grown into a deep affection for its diverse, dynamic residents. Founded by brothers Eric and Paul, SILVERMAN is a company comprised of caring and friendly people, proud of the roots established in 1981, which continues its tradition of building Jersey City’s best collection of apartments, stores, offices and schools. In preparation of CAPRE’s New Jersey Apartment Summit December 4, CAPRE connected with John Reichart, Director of Operations, to showcase Silverman's story as well as the latest market trends on the ground in the Garden State. CAPRE: Thanks for connecting today, John. Talk to us about a bit about New Jersey multi-family commercial real estate and your connection to it. Reichart: I got into real estate in 2002 when I purchased a small rental property in Jersey City. My wife and I then started renovating some family-owned properties. I was a police officer at the time, and met Paul and Eric Silverman when I got involved with the Historical Downtown Special Improvement District for the city and started working for them in 2006. Paul offered me a full-time position in 2009 and I’ve since been very involved with the revitalization of Jersey City, including Groove on Grove, as…