SOLDMultiFamily
Invesco Acquires 212-Unit Multifamily Property At 900 Reisling Lane For $66.3M From Coastal Ridge Real Estate
900 Reisling Lane
$66,300,000
Units
212
Asset Type
MultiFamily
Closing
Aug 6, 2026
AI
A multifamily property located at 900 Reisling Lane in West Chester, Pennsylvania, was sold for $66.3 million. The property encompasses 14.7 acres and consists of 212 units, resulting in a price per unit of $312,736. The transaction reflects a significant increase from the seller's previous acquisition price of $38.5 million in 2019.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $66,300,000
- Units: 212
- Price Per Unit: $312,736
- Seller: Coastal Ridge Real Estate
- Buyer: Invesco
- Market: West Chester, PA
- Acres: 14.7
- Sale Date: 08/06/2026
An affiliate of Invesco acquired the Spring House at Brandywine, marking its entry into the multifamily sector with this transaction. Coastal Ridge Real Estate initiated its ownership of the property in 2019 and successfully managed to sell it for a substantial profit.
Players
InvescoBuyer
West Chester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93