Multifamily news in Philadelphia
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Philadelphia Multifamily Report – Winter 2019
Rent growth began to accelerate in the fourth quarter, closing 2018 at 2.9 percent year-over-year, while investors boosted annual deal volume to $1.4 billion.
27 February 2019 13:51 -
Upscale Senior Living Community Coming to Suburban Philadelphia
South Bay Partners and LAMB Properties have joined forces to develop a 250-unit luxury senior housing community which will focus on holistic aging. The project is slated for completion in early 2021.
01 February 2019 11:34 -
Finding Value in Philadelphia’s Multifamily Market
Dalzell Capital Partners' founder & managing partner shares his knowledge about Philadelphia's multifamily business climate and what to expect in a late-cycle economy.
28 January 2019 12:10 -
Latch’s Smart Access Devices Expand Footprint
By mid-2019, UPS drivers in 10 additional cities will be able to enter multifamily communities and drop off packages in lobbies or package rooms.
24 January 2019 08:23 -
AeroAggregates Expands Operations at PA Plant
The company uses 100 percent post-consumer recycled glass to produce the lightweight building aggregate, ideal for construction and infrastructure projects.
17 January 2019 13:11 -
Philadelphia Mid-Rise Receives Freddie Mac Refi
Hunt Real Estate Capital has secured a $5.9 million loan for the recently completed Terrace Lofts, a 32-unit community located the city's Manayunk neighborhood.
08 January 2019 16:40 -
Rittenhouse Arranges Sale of PA Apartments
The boutique residential building was acquired by a local long-term holder that plans to renovate the property.
28 December 2018 15:52 -
NJHMFA Breaks Ground on Philadelphia-Area Affordable Community
Freedom Village at Gibbsboro will include 72 affordable rental units, with 18 units set aside for residents with special needs.
12 December 2018 14:47 -
Greystone Arranges $92M for PA Acquisition
The firm worked on behalf of a private buyer to secure the Freddie Mac loan for the acquisition of Lincoln Green, a 636-unit property in Philadelphia.
30 November 2018 17:05 -
Mega-Developments Abound in Philadelphia
Despite a multifamily supply surge in recent years, occupancy in stabilized properties saw only a modest decline of 30 basis points year-over-year in July.
12 November 2018 14:04 -
Affordable Project Breaks Ground in Camden, NJ
Branch Village Townhomes will occupy the site of the former public housing development in the city’s Centerville neighborhood. The community will include 72 units.
07 November 2018 10:35 -
Red Capital Arranges Loan for Historic PA Conversion
The $7.8 million financing will be used to transform a century-old tobacco warehouse in Lancaster County into Tobacco Road Apartments.
10 October 2018 13:43 -
Campus Apartments Completes 4 Student Housing Properties
The firm spent more than $220 million developing off-campus communities in Knoxville, Tenn.; Ann Arbor, Mich.; and Philadelphia.
18 September 2018 17:50 -
Dalzell Expands in Philly With $19M Luxury Portfolio
The portfolio comprises recently completed or renovated assets, all located within minutes from Center City's employment opportunities, shopping, dining and entertainment destinations.
23 August 2018 13:30 -
Rittenhouse Realty Facilitates Sale of Philly Luxury Property
The new building features several interior and exterior high-end amenities and provides residents with immediate access to the city's busiest areas.
20 August 2018 15:27