The Pennsylvania State University purchased a 69-unit apartment complex in Middletown, Pennsylvania, from Life Development. Nittany Village sold for $21.9 million, or about $317,000 per room.
The low-rise complex at 451 W. Main St. comprises one- and four-bedroom units averaging 1,400 square feet in three, three-story buildings. Built in 2012, the Class B property spans north of five acres between Harrisburg International Airport and Penn State Harrisburg.
The complex will be used as student housing for students starting in fall 2019.
www.omegare.com
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