Living / Multi-housing

Reserve at Harpers Crossing

100 Harpers Xing Langhorne, Pennsylvania United States 19047-4542
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2004
Building Area Net
Land Area Net ()
Number of units 377
Occupancy 95.0 %
Call for Offers 2022-05-11

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the Reserve at Harper’s Crossing (the “Property”), a 377-unit, value-add multi-housing opportunity located in Langhorne, Bucks County, Pennsylvania.

Constructed in 2004, Reserve at Harper’s Crossing features 153 one-bedroom, 188 two-bedroom, and 36 three-bedroom apartment homes averaging 988 square feet. The Property is situated on 39 sprawling acres in scenic Bucks County, offering residents an unsurpassed suburban living experience.

Investment Highlights

COMPELLING VALUE-ADD OPPORTUNITY

  • Reserve at Harper’s Crossing was built in 2004 and has been professionally maintained since. Current ownership has upgraded 244 units (65% of unit mix) to a luxury scope, achieving rental premiums of more than $300 above units featuring classic finishes. 

SUBMARKET FUNDAMENTALS

  • Rent growth in the Lower Bucks County submarket has significantly outperformed the metro’s average, maintaining 3%-4% growth over the past three years, while boasting 8.4% year-over-year rent growth. 

DYNAMIC SUBURBAN LOCATION 

  • Reserve at Harper’s Crossing is located in affluent Bucks County, proximate to a variety of white-collar employment hubs and transportation options.
Last Updated Date: 06 Apr 2022

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Last Updated Date: 06 Apr 2022

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