Maple Grove Apartments, Dublin, PA Maple Grove Apartments, Dublin, PA

PHILADELPHIA—Locally-based brokerage firm Rittenhouse Realty Advisors reports it has brokered the sale of the Royersford Gardens at 25 N. 5th St. in Royersford, PA in Montgomery County, and Maple Grove Apartments at 151 Maple Ave. in Dublin, PA in Bucks County.

The two apartment communities totaled 61 units. Corey Lonberger, managing partner at RRA, says, “Both properties traded at sub 6.5% T-12 cap rates and north of $110,000 per unit, which shows the strength of the multi-family market at this time. With historically low interest rates, values are at all-time highs.”

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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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