According to Philadelphia Business Journal, commercial real estate company BET Investments Inc., operated by Toll Brothers principal Bruce E. Toll, has purchased the 318-unit Curren Terrace Apartment Homes complex for $29.8 million or $93,700 per unit.
The apartment complex at 1101 New Hope Street is one of two recent apartment complexes purchased by the Horsham-based BET Investments Inc. The company reportedly purchased Chesterfield Apartments, a 247-unit building in Levittown for $25 million in September. According to Philadelphia Business Journal, the company is expanding it's apartment holdings in the area lately.
Read more about the deal and BET Investment here.