Post Brothers Sells Student Housing In Philadelphia For $87M With Rittenhouse Realty Advisors

The student housing property located at 3816 Chestnut St. in Philadelphia, PA has been sold for a price of $87,000,000. The property spans across 151,662 square feet, resulting in a price per square foot of $573. The sale of this asset was facilitated by Ken Wellar, Corey Lonberger, Mark Duszak, and Douglas Sitt from Rittenhouse Realty Advisors on behalf of Post Brothers.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $87,000,000
• Address: 3816 Chestnut St., Philadelphia, PA
• Market: Philadelphia, PA
• Square Footage: 151,662
• Price per Square Foot: $573
• Seller: Post Brothers
• Brokers: Ken Wellar, Corey Lonberger, Mark Duszak, and Douglas Sitt - Rittenhouse Realty Advisors

The sale of this student housing property involved the collaboration of Ken Wellar, Corey Lonberger, Mark Duszak, and Douglas Sitt from Rittenhouse Realty Advisors. They played a crucial role in representing the buyer and seller in this transaction, ensuring the successful completion of the deal.