Rittenhouse Realty Advisors Sells 144 Units in Cam
Post# of 301275
PHILADELPHIA, July 16, 2018 (GLOBE NEWSWIRE) -- Rittenhouse Realty Advisors is pleased to announce the sale of Marshall Square and West Creek Apartments, located at 6 Camp Hill Drive in Camp Hill, Pennsylvania. The property has 144 apartments with a mix of one-bedroom and two-bedroom units.
"The buyer of this asset is a repeat client who saw the opportunity to grow rents and add value to the property," stated Ken Wellar, Managing Partner at RRA.
The property has excellent amenities, including a swimming pool, ample parking and storage space. Marshall Square and West Creek Apartments are located across the river from bustling downtown Harrisburg and have convenient access to Route 11, I-83 and I-81.
Mark Duszak, Director at RRA, added: “This transaction reflects the strong demand for value-enhanced, multi-family investments within the Harrisburg-Carlisle, PA MSA. We have seen investors shift their focus to this sub-market from the Philadelphia, New Jersey and New York areas due to the shortage of investment opportunities in those areas.”
For more information on current rates or to view our available listings visit
Based in Philadelphia, Pennsylvania, Rittenhouse Realty Advisors is a real estate advisory firm with an extensive focus in the brokerage of multi-family communities throughout the northeast region of the United States. Formed in February 2013 by a group of advisors with more than 30 years of commercial investment sales experience, our focus is on multi-family and mixed-use properties with significant residential components.
Press Contact: Corey Lonberger and Ken Wellar Managing Partners 215-454-2852
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...677645476f
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