Search Results

January 24, 2018  

Value-Added Apartment Play in Pa.

AION Partners is marketing a value-added apartment complex in Harrisburg, Pa., that could fetch about $58 million.The 626-unit Stonebridge would generate an initial annual yield of about 6% at the estimated value of $93,000/unit. HFF is representing New York-based AION, a high-yield investment shop led by Michael Betancourt and Siraj Dadabhoy.The garden-style property, on a 38-acre site at 4212 Williamsburg Drive, is 94% occupied at an average...

This article is free to subscribers of Real Estate Alert. If you are a subscriber, please sign in.

If you are not a subscriber, please complete the form below to purchase the article for $19.95.
First Name *
Last Name *
E-mail *
Card Number *
Expiration *
Card Code *
Address *
City *
State/Province *
Zip/Postal Code *

Purchase Article