Multifamily news in Philadelphia

Suburban Philly Property Trades for $34M
The apartment community was part of the Rental Assistance Demonstration program and received a 20-year subsidy contract. The previous owner improved multiple aspects of the 1950 buildings.
Market Rate
TD Bank Invests in Affordable Philly Community
The bank provided a $9.1 million construction loan and purchased $12.0 million in federal tax credits. The money will be used to redevelop a nursing home into a 60-unit affordable housing project for seniors.
Affordable
NJ Senior Community Lands $8M Refi
Magnolia Gardens Assisted Living was subject to a 35-year loan. Laura Saull-Smith arranged the financing for the 79-unit community located in Toms River, N.J.
Senior Housing

  • 22-Property Portfolio Commands $467M

    HFF helped Equus Capital Partners sell the 3,426 units. The assets are in suburban Philadelphia, Lancaster, Harrisburg, Wyomissing, Lehigh Valley and northeastern Pennsylvania.

    12 October 2017 17:14

  • Philly Multifamily Portfolio Trades for $14M

    The properties situated in Philadelphia's University City changed hands for a total of $14 million. The locations offer residents access to the city's attractions and employment centers.

    11 October 2017 09:28

  • Kushner Cos. Lands 1,032-Unit NJ Community

    A joint venture between Angelo, Gordon & Co. and Candlebrook Properties sold the asset in Plainsboro, N.J. The buyer assumed the in-place debt on the property.

    25 September 2017 08:25

  • HFF Arranges Sale of DE Apartment Community

    The 301-unit apartment community known as Brandywine Hundred Apartments changed hands for an undisclosed price. The property is located near major thoroughfares and is 20 minutes away from the Philadelphia International Airport.

    21 September 2017 08:52

  • Berkadia Secures $96M for PA, VA Properties

    The company's HUD team secured financing for three properties: $67.1 million for two properties in Philadelphia, the largest HUD 223(f) loans originated in the area in the last five years, and $29.1 million for a property in Richmond, Va.

    20 September 2017 15:57

  • Radnor Starts Work on Philadelphia Apartments

    The Hamilton, located on the Community College of Philadelphia's campus, includes two buildings and 500 apartments. The building follows the recent housing trend for students, which features smaller units and maximized amenity spaces.

    15 September 2017 14:35

  • Employment Gains Spur Growth in Philadelphia

    An evolving wage structure, influx of young professionals and boom in hospitality and development are helping the city's multifamily market keep its head above water.

    12 September 2017 14:43

  • Philadelphia Plaza Pushes Tolerance

    Campus Apartments CEO David Adelman leads $7 million fundraising effort for Holocaust Memorial.

    31 August 2017 17:50

  • Phillips Realty Secures $31M Financing for PA Project

    The company worked on behalf of Woodfield Investments, the developer of the 320-unit Woodfield at Valley Forge in suburban Philadelphia. The asset will be part of of the Village at Valley Forge, a 122-acre mixed-use lifestyle property.

    17 August 2017 20:53

  • Greystone Scores $36M for DE Deal

    The company worked with Fannie Mae and New York Mortgage Trust Inc. to secure financing for Concordia Properties, which purchased Autumn Park, a 360-unit community.

    17 August 2017 14:52

  • Philadelphia Portfolio Lands $35M Refi

    Meridian Capital arranged the financing on behalf of Lindy Communities for six buildings. One of the largest properties is the 111-unit Academia Suites.

    08 August 2017 12:53

  • JV Shells Out $118M for Philly Community

    Korman Residential and The Carlyle Group acquired 3737 Chestnut in the University City district for $118 million from Radnor Property Group.

    14 July 2017 08:28

  • KWCC, The Condo Shop Merge to Serve Philly

    The strategic alliance with a team of more than 250 agents will enable The Condo Shop to boost the company’s growth and have access to better tools and resources.

    04 July 2017 11:17

  • Radnor Secures $65M for Philly Development

    During the first of The Hamilton's two phases, 279 units will be constructed in the previously underutilized corridor between Spring Garden and Vine Street in the popular Logan Square neighborhood.

    29 June 2017 16:28

  • 5 Cap Launches Investment Program with $60M Buy

    The acquisitions are in line with the new national investment venture's strategy to pump more than $1 billion into assets under management, focusing on purchasing and operating value-add residential properties.

    21 June 2017 16:11