Multifamily news in Philadelphia
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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 -
Inspirit Nabs 2 PA Senior Living Facilities
The Palmerton and The Willow are the latest additions to an extensive new regional network planned by the company. Additionally, Inspirit intends to renovate both assets.
19 June 2017 15:56 -
HFF Tapped to Market Pennsylvania Residential Asset
The company is representing the seller, a joint venture between CenterSquare Investment Management and Korman Residential, which acquired the asset back in 2007 for $30 million.
23 May 2017 10:09 -
NewCourtland to Redevelop Former Liddonfield Homes Site
The new owner acquired the site for $5.5 million from the Philadelphia Housing Authority. The former public housing development will be transformed into an affordable senior housing community.
22 May 2017 14:28 -
JV Taps HFF to Market Luxury Philadelphia Tower
The 28-story, 363-unit 3601 Market is located in the University City submarket and features studio, one- and two-bedroom floorplans, as well as penthouses.
19 May 2017 15:37 -
RRA Sells Philly-Area Apartment Community
The 82-unit Foxcroft Terrace Apartments traded for $5.4 million. The new owner will rebrand the residential property as Forest Creek Apartments.
11 May 2017 06:38 -
Pennrose Hires Veteran as VP of Operations
Barry Weaver will provide leadership to regions in eastern Pennsylvania and New Jersey. He has more than 25 years of experience in multifamily property management.
09 May 2017 13:51 -
Philadelphia’s Apartment Revival
The multifamily market in the City of Brotherly Love is expanding, sustained by steady employment and population increases.
14 April 2017 13:51 -
RRA Sells 2 Philadelphia Assets for $13M
The two Philadelphia-area assets offer a total of 130 units.
23 March 2017 13:14 -
Post Brothers Wins $103M to Transform Historic Office
Philadelphia's The Atlantic will be redeveloped into a luxury community.
21 March 2017 15:45 -
Affordable Housing Community in Philly Changes Hands
HFF worked on behalf of PV Associates to market and sell the 41-unit property.
16 March 2017 09:23 -
Vitus to Give Philly Senior Housing a Makeover
The 16-story building, formerly known as Sidney Hillman Apartments, was constructed in 1967.
09 March 2017 14:48 -
French Architect to Give Philadelphia a Design Twist
The Presidential City redevelopment includes 1,000 units built in the 1950s and combines "classical references with contemporary aesthetics."
27 February 2017 12:50 -
Philly Apartments Obtain $25M for Refi
HFF placed the 15-year loan with Principal Real Estate Investors, with the proceeds used to refinance the construction loan on the property.
14 February 2017 08:53 -
Upscale Apartment Project to Revitalize Philly’s CBD
Some of the units are expected to be move-in ready as early as Feb. 6.
19 January 2017 13:24