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Castle Club Apartments, Morrisville, PA traded for $20 million. Castle Club Apartments, Morrisville, PA traded for $20 million.

WOODBRIDGE, NJ—Brokerage firm The Kislak Company Inc. reports it has brokered a three-property 1031 like-kind exchange transaction valued at $33 million for three multifamily properties in Highland Park, NJ, Pottstown, PA and Morrisville, PA.

The three-property portfolio transaction included the $5.3-million sale of Ausonia Apartments, a 26-unit multifamily property with two commercial units located at 501-505 Raritan Avenue in Highland Park, located in Middlesex County NJ. The second transaction involved the $8-million sale of of Arbor Grove Apartments, a 104-unit multifamily property located at 957 and 960 Hale St., 941 North Warren and 990 Washington St. in Pottstown (Montgomery County), PA. The third deal was the $20-million sale of Castle Club Apartments, a 158-unit multifamily property located at 254 West Trenton Avenue in Morrisville (Bucks County), PA.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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