Boraie Development has built some of the most popular residences in New Jersey and has helped to ease the pressure on the state’s surging real estate market. With a shortage of housing looming nationally, the extraordinary real estate work being done in New Jersey by Boraie Development is helping the state provide needed housing in some of its most densely populated cities. According to a Philly Purge article, the percentage of delinquent and foreclosed mortgages in New Jersey had been among the highest in the country. But as employment rates rise, a new more positive trend is developing.
With high interest rates and people’s inability to afford mortgages, the demand for affordable housing in New Jersey and nationwide is increasing to almost crisis level. But there appears to be a real estate renaissance beginning in New Jersey. Home values are rebounding and more people are holding on to their homes in anticipation of higher potential profits if they wait and sell later. This has shifted a growing number of people’s interest to apartments with accessibility to mass transit. As the number of available, affordable, conveniently located apartments with all the modern amenities rises, it will help to ease the housing crunch in New Jersey.
For over 40 years, Boraie Development has been in the forefront of real estate development in New Jersey. Founded by the visionary Egyptian immigrant Omar Boraie in the mid-1970s, the company has long been instrumental in breathing new life into cities like New Brunswick and other parts of New Jersey. While others were fleeing dilapidated, burnt out sections of many cities because they felt they were dangerous and unproductive, Omar Boraie saw the potential for a bright future. Working with his children, he has been able to improve vast tracts of New Jersey’s downtown areas and attract economic investment in them. Check out their website boraie.com
According to Rutgers, Boraie Development has a reputation for creating Class A office space and spectacular residential properties. Now one of New Jersey’s top real estate companies, Boraie Development primarily uses private sources of capital to fund its projects. Plus, the company works with top architects and contractors with a clear vison of the potential of the projects and the ability to successfully complete them in a timely manner. The Boraie Development team also offers exceptional property management, marketing and sales services. Their commitment and ability to address New Jersey’s real estate needs makes them an industry leader.