The Kislak Company, Inc., announced Tuesday that it has
brokered the sales of three multifamily properties in eastern Pennsylvania for
a total of $41.73 million.
Two Lancaster properties, the 208-unit Belair Townhomes
and the 60-unit Mayfair Manor Apartments at Grandview, were sold together for a
combined $31.13 million.
In a separate transaction, the 85-unit Auburn Station in
Allentown sold for $10.6 million.
The Woodbridge-based firm’s president, Robert Holland,
represented the sellers and purchasers in both transactions.
“The central and eastern Pennsylvania market is very hot
for both buyers and sellers,” Holland said in a prepared statement. “It was a
good time for the sellers to sell, given the premium pricing. It was also a
good time for the buyers to buy, given the growth potential amid low interest
rates with an eye toward long-term holds.”
Neither the buyers nor the sellers were disclosed.
Source: NJ Biz
No comments:
Post a Comment