Wilmington, DE — Rittenhouse Realty Advisors announced the sale of 135 apartment units in Wilmington. The properties sold include a 42-unit apartment community located at 1 Jill Court, known as Holly Oak Manor, a 15-unit building located at 822 N. Adams St., as well as a 78-unit property located at 2600 N. Jefferson St., known as the Jefferson Park/ Adams Street Apartments.
Situated minutes from I-95, the properties offer easy access to major employment centers Downtown Wilmington and Philadelphia. The units were 100% occupied at the time of sale with very strong rent collections, especially considering the impact the COVID-19 pandemic has had on the U.S. economy.