Thursday, March 15, 2012

Abrams Run Apartments Trade for $31.4M

Gambone Brothers Construction Co. sold the 192-unit Abrams Run Apartments to Morgan Properties for $31.4 million, or about $164,000 per unit.

Located at 90-115 Bill Smith Blvd. in King of Prussia, PA, the 12-building multifamily community was built in 1996. The property sits on more than 16 acres and is comprised of 48 one-bedroom and 144 two-bedroom units.

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