(Read more on the multifamily market.)
WILMINGTON, DE-Korman Residential Suites has acquired a 301-unitmultifamily property here that it intends to reposition as a luxurybuilding after it invests several million in capitalimprovements.
Korman acquired the property, called Brandywine HundredApartments, for $30 million or $99,668 per unit. Mark Thomson inthe Philadelphia office of Marcus & Millichap, represented theseller, Frank Acierno, and the buyer.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
