DLP Real Estate Capital has acquired Edge at Kutztown, a 184-unit/552-bed student-housing community located near Kutztown University in Kutztown, Pa.
The sales price was $20.1 million. JLL Capital Markets marketed the property on behalf of the owner, a private investor.
Edge of Kutztown apartments features a full appliance package, white cabinetry, vinyl tile flooring, Formica countertops, stacked in-unit washer and dryer, and original bathrooms. Community features include a clubhouse, patio with grilling area, package receiving area, pool table, bike racks and vending machines.
Edge of Kutztown is located half a mile from Kutztown University, one mile from downtown Kutztown and is proximate to various local entertainment options, including Crystal Cave, Bear Creek Ski & Recreation Area, and more. In addition, the property is located just off Route 222 (Kutztown Bypass), providing convenient access to regional employment destinations such as Reading, Bethleh
