Philadelphia
Philadelphia Luxury Community Gets Fannie Mae Refi
Arbor Realty Trust Inc. has provided a $6.4 million Fannie Mae loan for a recently completed 39-unit multifamily property in the Point Breeze neighborhood.
Morgan Properties Acquires 4,130-Unit Portfolio
Metro Philadelphia’s largest-ever multifamily deal, the acquisition makes Morgan the largest owner-operator in the market.
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.
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.
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.
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.
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.
Rittenhouse Arranges Sale of PA Apartments
The boutique residential building was acquired by a local long-term holder that plans to renovate the property.
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.
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.