HRMM&L Represents Seller in $73.1 Million Sale of Jacobs Woods Apartments in Lansdale
Hamburg, Rubin, Mullin, Maxwell & Lupin is proud to have represented the seller, Towamencin Apartments Joint Venture LLC, in the $73.1 million sale of Jacobs Woods, a 230-unit apartment community in Lansdale, Pennsylvania. This significant transaction underscores the firm’s deep experience in complex commercial real estate deals throughout Montgomery County and the broader region.
HRMM&L’s Real Estate Practice Group advised the seller throughout the transaction, ensuring a smooth and strategic sale process. With decades of experience in commercial and residential property transactions, the firm’s attorneys provide comprehensive legal counsel to developers, owners, investors, and property managers. With a strong understanding of local market dynamics, zoning, land use regulations, and transaction structuring, HRMM&L is an ideal partner for real estate clients in the region.
“We were honored to represent Towamencin Apartments Joint Venture LLC in this milestone transaction,” said Ed Mullin, Co-Chair of HRMM&L’s Real Estate Department. “Our team’s goal is always to guide clients through complex real estate deals with clarity and confidence, and Jacobs Woods was a great example of collaborative success.”
The buyer, Newtown Square-based Equus Capital Partners, acquired the property through its Investment Partnership XII fund and plans to modernize interiors and enhance amenities. The group will invest an additional $5.8 million in renovations. Each unit features direct entry and a private garage — a design consistent with the growing build-to-rent model. The property offers one-, two-, and three-bedroom apartments averaging nearly 1,400 square feet.
The community’s location in the North Penn School District and its proximity to major regional employers contributed to its strong market appeal. This deal is one of several high-profile multifamily transactions in the region this year, reflecting continued demand for high-quality suburban rental communities.
To learn more about how HRMM&L’s Real Estate Team can assist with your next transaction, contact us at 215.661.0400 or visit our Real Estate Practice page.