CBRE Philadelphia Offering: 195-Unit Luxury Multifamily Opportunity in Montgomery County, PA

On behalf of Ownership, CBRE, Inc. extends to qualified investors the opportunity to acquire the fee-simple interest in Luxor Lifestyle Apartments (the “Property”), one of the region’s most luxurious, Class-A apartment communities, comprised of 195 apartment homes.

In 2015, while simultaneously building Luxor, a ground-up development covered by a Local Economic Revitalization Tax Assistance (“LERTA”) agreement, Montgomery County approached the current owner about a failed condo development at 800 Luxor Lane. The owner took control of the development, which became the Luxor Annex, and collapsed the condo association to operate the building as one tax parcel under a Payment in Lieu of Taxes (“PILOT”).

Completed in 2016, the Property is strategically located in highly sought-after Montgomery County, with close proximity to suburban Philadelphia’s most significant transportation arteries, most robust employment centers and nationally-recognized retail destinations. The Property is brilliantly designed and caters to the ‘urban meets suburban’ lifestyle resident.

For more info: www.cbre-luxorlifestyle.com