DLP Real Estate Capital Acquires Student Housing In Kutztown, PA For $21.1M

The student housing property located at 2200 Lifestyle Lane in Kutztown, PA has been sold for a price of $21,100,000. The transaction took place on July 7, 2021. The property consists of 184 units, with each unit valued at approximately $114,674. The total land area of the property is 23 acres, which equates to a value of $917,391 per acre.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $21,100,000
• Address: 2200 Lifestyle Lane, Kutztown, PA
• Market: Kutztown, PA
• Buyer: DLP Real Estate Capital - Don Wenner & Lou Davis
• Seller: Bruce E. Toll - BET Investments
• Brokers: Fran Coyne, Tom Hall, Mark Thomson & Carl Fiebig - JLL
• Units: 184
• Price Per Unit: $114,674
• Acres: 23
• Price Per Acre: $917,391

The buyer of the property is DLP Real Estate Capital, represented by Don Wenner and Lou Davis. The seller is Bruce E. Toll from BET Investments. The sale of this student housing property was facilitated by brokers Fran Coyne, Tom Hall, Mark Thomson, and Carl Fiebig from JLL.