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Rittenhouse Realty Advisors Sells Bloomsburg University Area, 394-Bed Portfolio for $23.8 Million

Bloomsburg, Pa. — The buyer was a regional owner and operator, the seller was The Greystone Organization.

Bloomsburg, Pa. — Rittenhouse Realty Advisors has arranged the sale of a 394-bed student housing portfolio near Bloomsburg University’s campus in Bloomsburg, Pa. RRA represented the seller, The Greystone Organization LTD. The portfolio consists of six locations, totaling 147 units, 394 bedrooms (licensed for 436 tenants) and one leasing/management office. All units were sold fully furnished with bedroom and living room sets, fully equipped kitchens and all feature off-street parking. All locations of the portfolio are in the immediate area of the Bloomsburg University Campus.

“The buyer was a larger regional student housing owner/operator with a concentration of units at Penn State University. This purchase will allow them to continue to grow their foot print throughout the region,” says Corey Lonberger, managing partner of Rittenhouse Realty Advisors.

 

 

 

 

 

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