David Luski Of DRA Advisors Acquires 180-Unit Flats At Lansdale From Michael Menzer For $58M

The asset involved in this transaction is a multifamily property located at 1001 Towamencin Avenue in Lansdale, PA. The property comprises 180 units and was sold for $58,000,000, resulting in a price per unit of $322,222. This acquisition marks DRA Advisors' first multifamily purchase in Pennsylvania, with the sale price exceeding recent averages in the region.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $58,000,000
• Units: 180
• Price Per Unit: $322,222
• Buyer: David Luski - DRA Advisors
• Seller: Michael Menzer - White Oak Partners

David Luski represented DRA Advisors in the transaction, while Michael Menzer represented White Oak Partners. This deal highlights the activity in the multifamily segment, with notable participation from both firms involved.