32C — March 30 - April 12, 2018 — The Best of 2017 — M id A tlantic
Real Estate Journal
www.marejournal.com
The largest multifamily Sale of 2017
HFF 22-Property Multi-Housing Portfolio Pennsylvania
Marcus & Millichap-PA Crestbury Apartments Camden, NJ
Size :22 Properties/3,426 Units Brokers: Mark Thomson, Carl Fiebig, Fran Coyne, Jose Cruz and Matthew Lawton HFF marketed the 22, value-add multi-housing properties in six sub-portfolios on behalf of the seller, Equus Capital Partners. The properties sold in phases to differ- ent buyers throughout 2017 with the most recent closing in September 2017. Prop- erties were located in suburban Philadelphia, Lancaster, Harrisburg, Wyomissing, Lehigh Valley and northeastern Pennsylvania.
Size: 18 Acres Brokers: Andrew Townsend, Clarke Talone, Ridge MacLaren Marcus & Millichap announced the sale of the Crestbury Apartments, a 392-unit multifamily property located in Camden, New Jersey.
The Largest Multifamily PROJECT of 2017 IMC Construction Haven at Atwater Malvern, PA Benchmark Construction River RunMeadows Apartments Birdsboro, PA Walters Group Stafford Preserve Manahawkin, NJ
Size: 28 acres Luxury apartment community comprised of 216 units in 18 buildings. The club-like neighborhood setting offers a clubhouse, pool, tot-lot, tennis and basketball courts, pic- nic pavilion, walking trail and barbecue area. The LEED- Silver and ENERGY STAR- certified project consists of one-and two-bedroom garden-style apartments as well as two-bedroom townhouses. Numerous green features make the apartments highly energy efficient, helping to lessen energy consumption and reduce costs. Planned social events for residents primarily focus on family activities such as a summer, holiday and Halloween parties. The property manager keeps residents involved and informed with a monthly newsletter listing local happenings and upcoming events.
Size: 64,337 River Run Meadows consists of six new residential buildings and one centrally located community building. The development includes 58 affordable one-, two- and three- bedroom townhome and apartment options for indi- viduals and families. The development includes six units that meet the current ADA standards and two non-ADA units include features for hearing and/or vision impaired households. The site also includes a Community Center with laundry services, community gathering space, man- agement and supportive service offices, an on-site play- ground and multi-purpose court. All residential buildings meet the Enterprise Green Communities standard and ex- ceed the Energy Star Version 3.0 standards.
Size: 462,343 SF / 14 acres The Haven at Atwater Village is an apartment complex situ- ated on approximately 14 acres along Route 29. The luxury rental property consists of a 326-unit garden-style com- munity of one-, two-, and three-bedroom apartments that overlook a scenic quarry. The Village, developed by John- son Development Associates, is located between the Atwa- ter and Great Valley corporate centers, and fits in with the live-work-play trend that many developers are embracing. Amenities include a sports simulator game room, car wash bay, walking trail access, a resort-style heated saline pool, fireside outdoor lounge area with gas grills, and a sundeck with Wi-Fi.
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