Market Rate Housing - Philadelphia
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PA Community Changes Hands for $12M
The transaction is representative of the strong demand for multifamily assets in the Harrisburg-Carlisle MSA, a growing alternative market, according to Rittenhouse Realty Advisors.
23 July 2018 15:28 -
Philadelphia’s 10 Largest Communities Under Development
From Center City to the suburbs, developers find rising demand for live-work-play environments. Luxury high-rises, student housing and creative redevelopments lead the list.
05 June 2018 07:43 -
Odin Properties Trades Philadelphia-Area Community for $32M
The company picked up the asset for less than half the price back in 2014 and carried out extensive renovation and repositioning work.
18 May 2018 17:38 -
On the Market: 5 Interesting Listings for the Week of 5/7
Among this week's listings are a century-old Manhattan property, a brand-new community near Philadelphia's Center City, and more.
11 May 2018 15:46 -
AIMCO Extends Philly Footprint With $445M Portfolio Buy
The company acquired six communities in the metro with a total of 1,116 units from Dranoff Properties. The deal is expected to close in the second quarter of this year, except for the purchase of one property that is expected to close in the first half of 2019.
17 April 2018 16:58 -
On the Market: 4 Interesting Listings for the Week of 3/26
This week's listings include a 100 percent-occupied luxury community in downtown Baltimore, student housing near Philadelphia's universities and a recently renovated value-add opportunity in Columbus, Ohio.
30 March 2018 15:47 -
Rittenhouse Realty Sells 120 Units in DE
Constructed in 1975, the Wilmington community includes 118 units, a swimming pool and 240 parking spaces.
28 March 2018 17:50 -
Gebroe-Hammer Arranges $26M Sale in Bethlehem, PA
The townhome community comprises two-, three- and four-bedroom units and is located near the city's historic center, as well as several large employers.
23 March 2018 20:14 -
Rittenhouse Realty Closes $6M Sale in Philly
The four-story building comprises 15 units and a commercial ground floor component, a space currently leased to Sherwin Williams.
12 March 2018 15:06 -
LeCesse to Build 248-Unit Community in King of Prussia, PA
Skye 750 will be located within King of Prussia's growing business park, a live-work-play environment comprising approximately 3.5 million square feet of office space.
07 March 2018 13:00 -
Philly Community Aimed at Millennials Lands Financing
Located in a walkable neighborhood and close to art galleries and event venues, the project is slated to include a 5,500-square-foot commercial component.
18 January 2018 11:08 -
Hunt Provides $28M Acquisition Loan for PA Asset
The community is located in a residential neighborhood of Reading, Penn. Hunt obtained a favorable loan for the owner, tapping into Fannie Mae's Green Rewards program.
18 December 2017 16:05 -
Philly Apartment Portfolio Trades for $8M
The two properties are within five minutes' distance of each other. New ownership will seek to improve value by renovating specific aspects of the communities.
08 December 2017 16:37 -
Gebroe-Hammer Closes $89M Sales in Suburban Philly
The company brokered three transactions of properties located in three different counties in the South Jersey market. The apartment communities comprise 896 units.
15 November 2017 15:29 -
JV Buys Stake in 632-Unit Asset
Rockpoint Group and The Brooksville Co. acquired Avalon Run East in Lawrence Township, N.J., from AvalonBay Communities.
10 November 2017 13:58