Monday, June 25, 2018

Odin Properties Sells Woodland Village Apts

Capital Mgmt Group Pays $32.1M for 546 Units in Lindenwold
Capital Management Group, a New Jersey-based developer and owner, acquired the 30-building, 546-unit Woodland Village apartments in Lindenwold, NJ for $32.1 million, or about$59,000 per unit, from Odin Properties.

Located at 401 E. Gibbsboro Dr. in the Lindenwold MF submarket of Camden County, the multifamily community delivered in 1969. It features modern amenities such as air conditioning, in-unit washer/dryers and walk-in closets.

At the time of sale, the property was 97 percent occupied.

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