Off-Market 120+ Unit Near University in Philadelphia

[Peter Dunne]

Looking for SERIOUS BUYERS ONLY with proof of funds and history of closing $10M+ Deals.

I work as VP of Acquisitions & Capital Markets for a national ownership group, with a growing portfolio in Philadelphia and New Jersey. 

We hold a 120+ apartment building near a university in Philadelphia, several blocks from a regional rail train station. The property consists of two, 4-story, brick apartments on the same lot in a B+/A- neighborhood. There are some unusual details with the current leasing situation, however, there is also the opportunity to deliver a completely vacant property for value-add development summer 2018. I am happy to discuss on the phone.

The owners have been exploring several development strategies, but just this week decided that it would be ideal to shift capital and energy to other emerging projects (pending the right offer). They would seriously consider selling if they receive a vetted offer in the $14-15M range.

Please message me if you have SERIOUS interest. We are working on packaging the financials as we speak and will require any interested parties to sign an NDA. I WILL NOT be posting the details publicly (Sorry my deal analyzing friends out there).

Conversations have already begun in my local network, but I have benefited so much from the BP community, I wanted to share the opportunity.

Best!