Walters Group Completes Construction of Laurel Oaks

Leasing Underway at Eco-Friendly, Affordable Apartments. End Quote

Ocean City, NJ (1888PressRelease) January 21, 2014 - Walters Group, a local residential and commercial real estate developer, has completed construction of Laurel Oaks, an affordable apartment community in Barnegat. The residential project has been awarded LEED Platinum certification, the highest designation in green building performance for the LEED (Leadership in Energy and Environmental Design) rating system.

The developer has begun leasing both phases of its sustainable green development. Comprised of four buildings, the mid-rise apartments contain 94 spacious units. The community features a selection of energy-efficient one-, two- and three-bedroom layouts with rents ranging from $267 to $1,201. Each unit is equipped with Energy Star efficient appliances, including washer/dryer and dishwasher. The project is located on Route 9 between Barnegat Blvd. and Rose Hill Road.

Residents now enjoy the completed tot-lot playground, basketball court, fully furnished clubhouse with fitness center, computer workstations, bike racks, ample on-site parking, 24-hour on-site management and maintenance.

"The swift leasing activity we are experiencing is evidence of the demand for quality affordable housing in the area," stated Ed Walters, Jr., president of the Walters Group. "As with all Walters' residential projects, our focus is on superior construction and attention to service."

Located in southern Ocean County, Laurel Oaks is a pedestrian-friendly community with easy access to shopping, attractions, beaches, camping, hiking, boating and other recreational facilities. Nearby is the Barnegat Branch Rail Trail Bikeway, a 15.6-mile former rail line extending from Barnegat Township to Toms River. Public transportation is available via Ocean Ride, a county transit system that includes Reserve-A-Ride and local bus routes. The Garden State Parkway and Route 9 corridor pass through the township and provide access to Route 72.

Walters Group is committed to conserving natural resources through green building practices. Incorporating green features like Energy Star appliances helps families with long-term reductions in utility costs, according to the developer.

For more details on Laurel Oaks, please contact 609-607-8800 or visit www.waltersgroupapartments.com .

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