Friday, November 8, 2013

Levittown Trace Apts Sell for $26.1M

Emess Management acquired the Levittown Trace Apartments at 3000 Ford Rd. in Bristol, PA from Kamson Corporation for $26.1 million, or about $42,000 per unit. 

The 617-unit multifamily community consists of a mix of junior, one- and two-bedroom units in 12 buildings. It was built in 1974 in the Lower Bucks County Multifamily submarket. The asset was 90 percent occupied at the time of sale.

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