Pennsylvania

Slippery Rock, Pa. — MultiVersity Housing Partners (MVHP) has sold University Village at Slippery Rock for an undisclosed price. The community serves students attending Slippery Rock University of Pennsylvania and was acquired by MVHP in August 2010 through a federal 363-bankruptcy sale. The property underwent $3.5 million in capital expenditures over the course of the company’s 12-year hold, including renovations to units, the addition of a resort-style swimming pool and enhancements to the clubhouse and amenity spaces. The community offers two- and four-bedroom fully furnished units alongside additional shared amenities including …

Philadelphia — Rittenhouse Realty Advisors (RRA), a member of GREA, has arranged the $87 million sale of Hamilton Court, a 295-bed student housing community located in Philadelphia’s University City neighborhood. The property offers 103 units to students attending the University of Pennsylvania alongside 21,400 square feet of ground floor retail space. Shared amenities include a fitness center, laundry facilities and a rooftop amenity space including a swimming pool and hot tub, sun deck, grilling stations and a dining area. RRA represented the seller, Post Brothers, in the disposition. Post Brothers …

Philadelphia — Rittenhouse Realty Advisors (RRA), a member of GREA, has brokered the $23.5 million sale of Diamond Green, a 350-bed student housing community located near Temple University in Philadelphia.  The 92-unit property was built by Orens Brothers Real Estate using modular construction. The community features six retail spaces on the ground floor and a 28-stall parking garage. Apex Student Living, a joint venture between Alexandra Capital and Axela Group, acquired the property.  “We are seeing record performance in student housing in terms of pre-lease velocity and rent growth, which …

Philadelphia — Rittenhouse Realty Advisors has arranged the sale of five student housing properties located in the University City District of Philadelphia for a combined total of $20 million. Dispositions include 516-26 South 42nd St., 433-39 Lancaster Ave., 40 Baring,  4100-02 Ludlow St. and 4224-26 Chester Ave., which offer a total of 199 beds. The properties serve students attending the University of Pennsylvania, Drexel University and University of the Sciences. The buyers and sellers in the transactions were undisclosed.