Rittenhouse Capital Secures $23.3 Million Construction Financing for 264-Bed Community Near Penn State Abington

by Katie Sloan

Willow Grove, Pa. — Rittenhouse Capital Advisors has secured $23.3 million in construction financing for a 264-bed student housing development near the Penn State Abington Campus in Willow Grove. The financing was sourced through a regional bank on behalf of developer College Town Communities. The community will offer 132 fully furnished, two-bedroom units. Shared amenities will include a fitness center, business center, café, media lounge, secure mail and package storage and a pool. Delivery of the project is scheduled for June 2022. 

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