Philadelphia
Top 5 Northeast Markets for Multifamily Transactions
Investment volume in the region surpassed $3 billion at the end of May, according to Yardi Matrix data.
Philadelphia Multifamily Report – Spring 2021
While the economy still has a long way to go, the metro’s rentals fared relatively well in recent quarters.
PGIM Real Estate Sells Philadelphia-Area Community
The property in Bala Cynwyd, Pa., was purchased for $59.5 million.
Affordable Suburban Philadelphia Housing Lands $35M HUD Grant
A public-private partnership will use the funding to rehabilitate and expand the 306-unit asset in Camden, N.J.
Tackling Affordable Housing in the Northeast
Standard Communities’ Sean Carpenter delves into the challenges affecting the region’s multifamily market, but also weighs in on signs of growing economic vitality across the area’s main metros.
Greystone Provides $50M Loan for Metro Philadelphia Property
Goldcrest Management used the Freddie Mac financing to acquire a 484-unit apartment community in Pine Hill, N.J.
Philadelphia Student Housing Development Gets $23M
College Town Communities will use the loan to build the 264-bed expansion near Penn State Abington’s campus.
KeyBank Provides $23M Financing for Pennsylvania Affordable Community
The adaptive reuse project will transform a former school into a 50-unit property catering to seniors 62 and over.
Common Adds 396 Units to Philadelphia Footprint
The company will operate both co-living and traditional units at communities located in the Fishtown, Southwest Center City and Fairmount neighborhoods.
Radnor Property Group Tops Out Philly Tower
The property forms the second phase of a $175 million development across from Community College of Philadelphia.