Stabilized Real Estate
Residential - Main Line Multi 4-Pack
PURCHASE PRICE
$120M
SIZE
243 Units
LOCATION
Philadelphia, PA
ACQUISITION DATE
Q2 '22

Investment Highlights

  • Portfolio of four high-quality multifamily assets totaling 243 units located in the Philadelphia, PA MSA
  • Portfolio consists of new assets with an average vintage of 2019 with attractive unit mixes and high quality interiors
  • Properties are advantageously located in an affluent submarket with a top national school district, attractive demographics including a high share of STEM and education jobs, and accessibility to Downtown Philadelphia
  • Expect the portfolio to benefit from attractive fundamentals including limited new supply, which should support rents and asset values

(1) As of October 31, 2022.