PHILADELPHIA-BET Investments Inc. is expanding its multifamily assets in the Philadelphia region. The company has bought an apartment complex at 1338 Veteran's Highway in Levittown, Pennsylvania, from Home Properties Inc.
BET paid approximately $25 million for the Chesterfield apartments. At the time of closing, the complex was 96% occupied. Amenities in the property include a business center, clubhouse, fitness center and a pool. BET has plans to renovate the Chesterfield apartments. For the full story, go to Philadelphia Business Journal .
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