One Five Capital Acquires Student Housing In Philadelphia For $88M

One Five Capital has acquired a student housing property located at 4233 Chestnut Street in Philadelphia, PA. The transaction took place on 03/04/2022, with a sale price of $88,000,000. The property is situated in the student housing market of Philadelphia.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $88,000,000
• Address: 4233 Chestnut Street, Philadelphia, PA
• Seller: Alterra Property Group
• Buyer: One Five Capital
• Broker: Ken Wellar, Corey Lonberger, Mark Duszak, and Douglas Sitt represented the buyer through Rittenhouse Realty Advisors.
• Lender: Eric Ramirez from Acore Capital

The deal was facilitated with the assistance of Rittenhouse Realty Advisors, with Ken Wellar, Corey Lonberger, Mark Duszak, and Douglas Sitt representing the buyer in the transaction. Acore Capital provided the financing for the acquisition, with Eric Ramirez serving as the lender.