Jenkintown-based Lindy Communities purchased a 205-unit apartment building in Phoenixville from Fort Washington-based Westrum Development, which built the four-story apartment community in 2022, The Philadelphia Business Journal reported.

The 185,566 sf property at 723 Wheatland Street went for $48.2 million, according to The Journal. Following the acquisition, Lindy Communities rebranded the property as The Diamond at Phoenixville.

Monthly rent at The Diamond at Phoenixville starts at $1,690 for studios, $1,655 for one-bedroom apartments and $2,575 for two-bedroom units, according to the property’s website.

Amenities include an infinity-edge swimming pool and sundeck, fitness center, dog park, grilling station and residents’ lounge.

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