The transaction involved three multifamily properties located at 18 East Lancaster Avenue, 1831 Chestnut Street, and 4070 Haverford Avenue in Wynnewood and University City, Philadelphia. The assets were sold for a total price of $42,000,000, encompassing 182 units at an average price per unit of $230,769.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $42,000,000
• Units: 182
• Price Per Unit: $230,769
• Sale Date: 04/23/2025
• Address: 18 East Lancaster Avenue, 1831 Chestnut Street & 4070 Haverford Avenue
• Market: Wynnewood, Philadelphia & University City, PA
• Brokers: Alan Krawitz, Corey Lonberger, Kenneth Wellar & Mark Allen - Global Real Estate Advisors (GREA)

Global Real Estate Advisors (GREA) successfully closed three major multifamily deals in the Philadelphia area, which include the 110-unit Palmer in Wynnewood, the 29-unit former ROOST Hotel in Rittenhouse Square, and the 43-unit Haverford Lofts in University City. The Palmer property drew 20 offers and traded at a sub-5% cap rate. Additionally, Moore College acquired the Rittenhouse asset for use as student housing.