RRA Sells Philly-Area Apartment Community
Foxcroft Terrace Apartments , now rebranded as Forest Creek Apartments " width="300" height="175" /> Foxcroft Terrace Apartments , now rebranded as Forest Creek Apartments By Evelina Croitoru Rittenhouse Realty Advisors has struck a deal to dispose of the Foxcroft Terrace Apartments in Darby, Pa. The 82- unit community traded for $5.4 million, which translates to almost $66,000 per unit. The new owner will operate the residential asset as Forest Creek Apartments . “ This is the third apartment community we have sold to this buyer in the last year. He is very bullish in the Southeast Delaware County market and has added over 300 units to his portfolio from this area alone ,” RRA’s Managing Partner Ken Wellar said in a prepared statement. Located at 300 N. Front St. Yeadon, the property features two-bedroom units, some of which with balconies. The apartments also offer hardwood and tiled floors. The three- story building completed in 1974 is close to th...