Universe Holdings Purchases Mi-Place at West Rancocas in Mount Holly, New Jersey, for $33.6M ($311K/unit) from Fernmoor

11/25/2024

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MF&AffHsg News

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Marcus & Millichap (NYSE: MMI)

Universe Holdings has purchased Mi-Place at West Rancocas 108, a 108-unit property in Mount Holly, 30 miles east of Philadelphia. Fernmoor Homes sold the asset for $33.6 million. Chez Eider and Andrew Townsend of Marcus & Millichap’s New Jersey office represented the seller in the deal. Mi-Place at West Rancocas 108 consists of 96 apartments and 12 two-story townhomes.