PARADISE ACQUIRES VILLAGE SQUARE APARTMENTS FOR $71M

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BENSALEM, PA. — Paradise Property LLC has purchased Village Square Apartments, a 694-unit complex in Bensalem for $71 million. The property is situated on 40 acres in Pennsylvania's Buck County and is 90 percent occupied. Amenities include a clubhouse, Olympic-sized swimming pool and tennis courts. Karen Iman, Brian Whitmer, Andrew Merin, Maybeth Farris and Nick Karali of Cushman & Wakefield represented the seller, Korman Residential. They also procured the buyer.

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