Stabilized Real Estate
Residential - Presidential City
PURCHASE PRICE
$357M
SIZE
1,015 Units
LOCATION
Philadelphia, PA
ACQUISITION DATE
Q4 '22

Investment Highlights

  • A highly amenitized, integrated five building complex comprising 1,015 multifamily units
  • The property's location provides easy access to Center City Philadelphia and to numerous nearby universities and hospitals
  • Fully-renovated in 2015, the property offers best-in-class amenities, including a pool club, lounge, fitness center, and dog park
  • Expect the property to benefit from very limited new supply and its differentiated positioning in the market with a strong amenity package, attractive location and rents at a discount to Center City Philadelphia

(1) As of October 31, 2024.