Monday, August 18, 2014

Hidden Forest Apartments Sells for $21M

Hidden Forest Apartments, 602 Hidden Forest Ct., Fairless Hills, PA, was been sold to a private Investor by TGM Associates for $21,300,000, or $89,496 per unit.

“This property attracted strong interest from New York investors because of its ideal location near I-95 and the Pennsylvania Turnpike in Bucks County. Investors saw strong rental upside, as the property enjoyed 98% occupancy,” says Miller. “Fully renovated more than ten years ago, the property was much younger than its 1967 construction date.  Furthermore, the property was in excellent condition as it was institutionally managed by TGM.”

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