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South East PA Multi-Family Sells for $30M – $140k/unit

by thiryj

CoStar Group reorts Oxford Rise Apartments Sell for $30M

Existing Multifamily in Glenmoore joins Preferred Apartment Communities.  Oxford Rise LLC sold the 216-unit Oxford Rise apartment community in Glenmoore, PA to Preferred Apartment Communities, Inc. for $30.2 million, or approximately $140,000 per unit.  The 75,000-square-foot apartment complex was completed in 2009 and has a current occupancy of nearly 95 percent.  Both parties were self-represented in this transaction.

via Oxford Rise Apartments Sell for $30M – CoStar Group.