Silverstone Properties Acquires 228-Unit Multifamily In Philadelphia For $24.7M

Silverstone Properties has acquired a multifamily property located at 549 Manheim St in Philadelphia. The property consists of 228 units and was purchased through an acquisition loan. The loan amount for this transaction was $24,750,000, with a seven-year term and three years of interest-only payments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $24,750,000
• Address: 549 Manheim St, Philadelphia
• Market: Philadelphia
• Units: 228
• Landlord: Silverstone Properties
• Brokers: Max Gejerman & Andrew Liebhard - Meridian Capital Group

Max Gejerman and Andrew Liebhard from Meridian Capital Group represented the buyer, Silverstone Properties, in this transaction.