Vivek Singh, Singh Properties, Talks Knowing How to Spot a Downturn at CapRE’s NJ Apartment Summit

NEWARK, NJ – One of the most promising and welcome aspects of any conversation about New Jersey multi-family real estate has got to be the localness of it all. No matter how big or brassy the high rises across the Garden State get, you can’t get too deep into a discussion without touching upon one of the local families who have been instrumental in creating the skyline of today. And more often than not, the stories of those families start off twenty years ago or more. That’s why CapRE invited Vivek Singh, Principal at Singh Properties to the New Jersey Apartment Summit and asked him to share how his family’s firm got to where it is today, as well as where they came from. Below is a snippet of the Q&A Singh provided to the gathering of 400+ New Jersey insiders. Brian Klebash, CEO & Founder, CapRE:: Tell us about the total portfolio now. What do you have in development right now? Singh: We own a few hundred units. We have one property remaining in Union City. Union City I’m not very fond of, which I’m sure many investors are not. We are going to leave that municipality. We have some in Hoboken. We have condos and multi-family there and in Weehawken as well. But Bayonne and Jersey City, predominantly Jersey City, that is where we primarily will be focused. The smaller municipalities are not operating, I don’t think, at…