The Philadelphia Business Journal is reporting that the 375-unit Riverwalk Apartments on Conshohocken’s riverfront has been sold to Bryn Mawr-based Relative Properties. The property was sold by Long Wharf Capital of Boston and Scully Co. of Jenkintown. The sale price was $87 million.
Riverwalk makes the fifth apartment community owned by Relative Properties. It also owns Dogwood Gardens in East Norriton and three others in Yardley, Bucks County.
You can read the Philadelphia Business Journal’s article here.