Philadelphia
Mixed-Use Picks Up Steam in Philadelphia
Despite the recent spate of multifamily deliveries, occupancy remained high across the metro, reflecting the market’s capacity to rapidly absorb new product.
Philly Community Aimed at Millennials Lands Financing
Located in a walkable neighborhood and close to art galleries and event venues, the project is slated to include a 5,500-square-foot commercial component.
Top 10 Posts from 2017
Miss out on any MHN articles? Catch up with our most popular posts of the year.
Hunt Provides $28M Acquisition Loan for PA Asset
The community is located in a residential neighborhood of Reading, Penn. Hunt obtained a favorable loan for the owner, tapping into Fannie Mae’s Green Rewards program.
Philly Apartment Portfolio Trades for $8M
The two properties are within five minutes’ distance of each other. New ownership will seek to improve value by renovating specific aspects of the communities.
Greystone Refinances Philly Property for $20M
West Village in West Philadelphia received three Freddie Mac small-balance loans. The 86-unit community features townhome-style duplexes.
What’s Changing With Family Capital Investment
Family investment firms are making their mark in the multifamily industry. Post Brothers’ Matthew Pestronk weighs in on this trend and the challenges in the industry for companies managing family capital.
Gebroe-Hammer Closes $89M Sales in Suburban Philly
The company brokered three transactions of properties located in three different counties in the South Jersey market. The apartment communities comprise 896 units.
JV Buys Stake in 632-Unit Asset
Rockpoint Group and The Brooksville Co. acquired Avalon Run East in Lawrence Township, N.J., from AvalonBay Communities.
Radnor Property Group Opens Vue32 in Philly
The $55 million project includes 164 units and roughly 14,000 square feet of first-floor retail space. A second phase is slated to open in November 2018.