Wednesday, March 6, 2019

Capital Funding Group Sells Philadelphia Metropolitan Area Apartment Complexes

Baltimore-based Capital Funding Group sold two apartment complexes totaling 262 units in the Philadelphia metropolitan area to ReNew REIT for an undisclosed price.

Keystone Villa at Fleetwood at 501 Hoch Road in Blandon spans 5.1 acres. Built in 2011, the 4-Star property comprises a mix of studio, one- and two-bedroom units ranging from 430 to 786 square feet in a three-story building.

The Keystone Villa at Ephrata complex at 100 N. State St. in Ephrata comprises one-bedroom units averaging 733 square feet in two, four-story buildings. The garden-style community was developed in 2014 on 4.5 acres.

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