Local multifamily property owner and manager Morgan Properties, along with
institutional investor AIG, sold the 338-unit multifamily complex at 2000 Swarr
Run Rd. in Lancaster, PA for $22.65 million, or about $67,000 per unit. The new
owner, The Westover Companies, is a locally based regional real estate
investment company that develops, owns, and manages multifamily, office, and
retail properties across the Mid-Atlantic states.
Built in 1971, The
Crossings at Mill Creek is a 327,604-square-foot multifamily community located
in the Lancaster County submarket of Philadelphia. The property consists of 84
one-bedroom units, 170 two-bedroom units, and 84 three-bedroom units. Each unit
has a full kitchen that includes a dishwasher and separate dining area. The
majority of the units have washers and dryers. The community also has laundry
facilities, swimming pools, and playgrounds.
www.omegare.com
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