Marking Standard’s first acquisition in New Jersey, this 169-unit affordable senior community was built in 1982. Standard’s acquisition extended the affordability of all 169 units for the next 30 years. A $10 million tenant-in place renovation is expected to be completed in the fall of 2022 and will include significant energy and water conservation measures, that are expected to reduce energy consumption by 27% and water usage by 22%, collectively saving Baltic Plaza residents over $31,000 per year in utility bills. Standard Communities will also provide Baltic Plaza residents with support and resources designed to enrich their lives, including a Resident Service Coordinator at the property to design and implement a comprehensive suite of resident services and community programs.