Multifamily news in Philadelphia

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.
Market Rate
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.
Finance & Investment
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.
Student Housing

  • 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

  • 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