Thursday, January 9, 2014

Student Housing Near Temple University Sold for $7M

Powelton Properties LLC purchased the student housing at 1826 N. 7th St. in Philadelphia, PA from Advanced Real Estate Concepts LP for $6.95 million, or about $60,000 per unit. 

The 90,000-square-foot property was constructed in 2008 spanning nine buildings near Temple University. The 116 one-bedroom units were fully occupied at the time of sale.

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