Multifamily news in Philadelphia
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Philadelphia Multifamily Report – Fall 2019
Rents in the metro rose 3.7 percent year-over-year through August, outpacing the 3.3 percent U.S. rate.
29 October 2019 13:14 -
Cushman & Wakefield Arranges $28M Refi for Philly Community
The company acted on behalf of the borrower, a joint venture between Ivy Realty and DW Partners. BBVA was the lender.
14 August 2019 20:31 -
Philadelphia-Area Value-Add Properties Change Hands
Rittenhouse Realty Advisors sold Maple Grove Apartments and Royersford Gardens, two apartment communities located in Montgomery and Bucks Counties.
12 August 2019 13:09 -
Halfpenny Management Picks Up Lehigh Valley Community
Birchwood Commons, a 96-unit residential property in Bethlehem, Pa., was completed last year. A Berkadia team orchestrated the sale and arranged the acquisition financing.
08 August 2019 15:55 -
Pennsylvania Student Housing Portfolio Changes Hands
Rittenhouse Realty Advisors arranged the sale of the 44 properties for $21.3 million to a purchaser new to the student housing market.
24 July 2019 13:40 -
CBRE Hires New SVP in Philly
Sam Zell joins the firm from Buligo Capital Partners. In his new role, he will work with the company’s multifamily capital markets team.
16 July 2019 07:19 -
Philadelphia Multifamily Report – Summer 2019
Young professionals attracted by the metro's tech magnet continue to fuel demand for housing.
08 July 2019 19:49 -
Why Invest in Philadelphia’s Multifamily Market
Morgan Properties’ Christine Beechan shares her views on the metro's fundamentals and discussed the company's expansion strategy in Pennsylvania and beyond.
05 July 2019 13:32 -
Philadelphia-Area Property Lands New Owner
HFF arranged the sale of Riverwalk at Millennium in Conshohocken, Pa., to Relative Properties and secured Freddie Mac financing for the buyer.
02 July 2019 12:58 -
2-State Portfolio Lands $125M Loan
Greystone originated the Fannie Mae financing for the 1,383-unit portfolio across Pennsylvania and Kentucky. As part of the recapitalization effort, Bayshore Properties has taken a 50 percent stake in the assets.
28 June 2019 12:51 -
Philly’s Tallest Residential Tower Lands $295M Loan
Southern Land Co. is building the 48-story project, which will offer a combination of luxury rental units and condominiums, along Rittenhouse Square.
25 June 2019 14:26 -
FCP Buys Philly High-Rise for $118M
The 286-unit community is FCP’s fourth acquisition of a Class A property in Philadelphia’s Center City. Also included is a potential development site.
18 June 2019 12:19 -
Ultra-Luxury Condo Tower Underway in Philadelphia
Dranoff Properties’ $253 million, 47-story residential high-rise at the corner of Broad and Spruce streets will feature more than 36,000 square feet of amenities.
17 June 2019 13:50 -
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
06 June 2019 14:09 -
Work Starts on 103-Unit NJ Affordable Project
Volunteers of America Delaware Valley is building the community, Centerton Village, in the township of Mount Laurel. Funded in part by NJHMFA, the project is slated for completion in May 2020.
24 May 2019 12:12