Bethlehem, Pa. — Rittenhouse Realty Advisors has arranged the $21.4 million sale of a student housing portfolio near Lehigh University in Bethlehem. The portfolio consists of 44 properties totaling 219 beds. The buyer in the transaction was an undisclosed family office new to the student housing market. Brad Domenico of Progress Capital secured $16 million in acquisition financing on behalf of the buyer through Ladder Capital. The seller was undisclosed.
Rittenhouse Realty Advisors
Philadelphia — Rittenhouse Realty Advisors has sold Chester Hall Apartments, a 40-unit community located in the University City neighborhood of Philadelphia.
Bloomsburg, Pa. — Husky Korners, one block from Bloomsburg University, was purchased by a local owner. Lowest rents in the market, RRA says, create value-add opportunity for purchaser.
Bloomsburg, Pa. — The buyer was a regional owner and operator, the seller was The Greystone Organization.