CBRE BROKERS SALE OF 238-UNIT APARTMENT COMMUNITY FOR $21.3M

FAIRLESS HILLS, PA. — CBRE has brokered the sale of Hidden Forest Apartments, a 238-unit multifamily community located in Fairless Hills. TGM Associates sold the property for a New York private investor for $21.3 million or $89,496 per unit. Built in 1967, the property was fully renovated and 98 percent occupied at the time of sale. Robert Miller, John McFadden and Matt Stefanski of CBRE’s Multifamily Division in Wayne, Pa., represented the seller in the transaction.