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Universe Holdings enters greater Philadelphia apartment market

Los Angeles-based investment firm makes third East Coast purchase

Universe Holdings has purchased Mi-Place at West Rancocas in Mount Holly, New Jersey, for $33.6 million from Fernmoor Homes, the first in a two-property deal valued at $93.5 million. (CoStar)
Universe Holdings has purchased Mi-Place at West Rancocas in Mount Holly, New Jersey, for $33.6 million from Fernmoor Homes, the first in a two-property deal valued at $93.5 million. (CoStar)

A Los Angeles-based multifamily investment firm is reaching beyond its West Coast roots with a deal that expands the company’s portfolio into the greater Philadelphia market for the first time.

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