Sunday, July 13, 2014
Inquirer Daily News

Rittenhouse Realty brokers $23.8M deal

Rittenhouse Realty Advisors, of Philadelphia, said it brokered the sale of a 394-bed student housing portfolio near Bloomsburg University in Bloomsburg, Pa. The price was $23.8 million.

The seller was the Greystone Organization Ltd., of Souderton, according to Corey Lonberger, managing partner of Rittenhouse Realty Advisors.

Rittenhouse identified the buyer only as a "larger regional student housing owner/operator with a concentration of units at Penn State University."

- Harold Brubaker

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