Treeco Companies Acquires Multifamily Portfolio In Philadelphia For $28M

Treeco Companies has acquired a multifamily property portfolio in Philadelphia for a total sale price of $28,000,000. The portfolio consists of six properties located at 745-751 North 20th Street, 726 North 19th Street, 711 North 16th Street, 714 North 19th Street, 817 North 20th Street, and 2940 West Thompson Street. The properties offer a combined total of 78 units, with an average price per unit of $358,974.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $28,000,000
• Units: 78
• Price Per Unit: $358,974

The seller, Stamm Development Group (SDG), represented by Michael Stamm, facilitated the transaction. CBRE brokers Samantha Kupersmith and Spencer Yablon assisted in the deal on behalf of the buyer, Treeco Companies.