Philadelphia
Philadelphia Multifamily Report – May 2023
Things are slowly returning to historical averages.
SecureSpace Opens Suburban Philadelphia Self Storage
Truist Bank provided $12.8 million in financing for the project.
Pennrose Opens New Jersey Affordable Senior Community
Previously a public housing site, the property went through a $20 million redevelopment.
Southern Land Company Tops Out Philly Mixed-Use Project
The Center City development is one of several projects the firm has undertaken in the City of Brotherly Love.
Pennrose JV Kicks Off Philadelphia Senior Project
The 51-unit property will be fully affordable.
Gotham, Brandywine Realty Unveil Luxury Project
Located in Philadelphia, this 326-unit community is nearing completion.
Philadelphia Multifamily Property Lands $40M in C-PACE Financing
This marks Pennsylvania’s largest such deal to date.
Landmark Properties Tops Out Philadelphia Student Housing Project
Located in the University City neighborhood, the community is near the University of Pennsylvania and Drexel University.
Saxum Real Estate Lands $77.5M Loan for Philadelphia Project
JLL arranged the loan backing Saxum’s multifamily development in the Northern Liberties neighborhood.
Life Storage Property Opens in Philadelphia
The facility encompasses 860 climate-controlled units.