HFF ANNOUNCES $42.5M SALE OF STONE RISE IN SUBURBAN PHILADELPHIA

Source: https://www.hfflp.com/media-center/press-releases/press-release-details.html?docID=195233

PHILADELPHIA, PA – October 2, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $42.5 million sale of Stone Rise, a 216-unit, Class A multi-housing community in the Philadelphia suburb of Glenmoore, Pennsylvania.

The HFF team marketed the asset on behalf of the seller, an indirect wholly owned subsidiary of Preferred Apartment Communities, Inc. (NYSE: APTS). FPA Multifamily, LLC purchased the offering free and clear of existing financing. Read More