“Considered a suburb of Allentown, Whitehall is situated in the heart of the Lehigh Valley, the fastest growing and third most-populous region in Pennsylvania behind Philadelphia and Pittsburgh,” says Zweibel. “Whitehall Township also has some of the most expensive real estate in the state and an architectural landscape where approximately one-third of the buildings are small-to-large apartment complexes.”

Like Orchard Drive Apartments, Presidential Courts features a mix of one- and two-bedroom layouts throughout the 268-unit garden-apartment complex. Located at 918 East Clements Bridge Rd., in Runnemede, it is just 11 miles from Philadelphia and has its own stop along the local NJ Transit bus route. Presidential Associates was the selling entity and TNJ Properties was the acquisition entity.

“This submarket is white hot right now and, according to the latest data from April, led the entire Philadelphia apartment market's 28 geographic concentrations in transaction volume over the past 12 months,” says Zweibel.

Both properties have on-site community amenities ranging from off-street parking and laundry facilities to professionally landscaped courtyards and playgrounds.