“The acquisition of Hunt Club provided us with the opportunity to acquire a Class A community in a highly desirable and convenient location,” commented Steve Pogarsky, vice president of Madison who along with Greg Curci, acquisition manager, was responsible for the transaction. “Further, it allowed us to expand our Pennsylvania portfolio, which now consists of 25 communities totaling more than 4,000 units.”

Hunt Club is located 20 miles north of Philadelphia in Lower Gwynedd, an affluent township within Montgomery County. It offers residents convenient access to many nearby employment centers as well as to Center City Philadelphia by SEPTA’s Regional Rail or Route 309 and I-276 (the Pennsylvania Turnpike). On-site amenities include a business center, swimming pool and tennis and basketball courts.

“We will immediately begin an extensive $3.4 million improvement program to upgrade the physical condition of both the buildings and apartment units,” commented Greg Curci of Madison. “The program will address the roofs, facades, parking lots and site landscaping as well as upgrades to kitchens and bathrooms within the units.”

This is Madison’s second acquisition within the past two weeks. The firm recently acquired Post Woods, a 494 unit community in Atlanta, Georgia.