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Alexandra Capital Acquires Student Housing In Philadelphia For $23.5M

1000 Diamond Street
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This property located in PA was sold for $23,500,000 almost 2 years ago. The brokers of the deal were Douglas I. Sitt, Mark Duszak, Corey Lonberger, and Kenneth (Ken) Wellar

The student housing property located at 1000 Diamond St in Philadelphia, PA has been sold for a total of $23,500,000. The transaction took place on 05/20/2022. The property was acquired by Alexandra Capital from Orens Brothers Real Estate.

Summary of transaction details

  • Property Type: Student Housing
  • Transaction Amount: $23,500,000
  • Address: 1000 Diamond St, Philadelphia, PA
  • Market: Philadelphia, PA

The deal was facilitated by the brokers Ken Wellar, Douglas Sitt, Corey Lonberger, and Mark Duszak of Rittenhouse Realty Advisors. They played a key role in representing both the buyer, Alexandra Capital, and the seller, Orens Brothers Real Estate, during the transaction.

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Deals
  • Location
    1000 Diamond St, Philadelphia, Pennsylvania 19122, United States1000 Diamond St, Philadelphia, Pennsylvania 19122, United States
  • Sale Price
    $23,500,000$23,500,000
    $195 PPSF$195 PPSF
  • Area
    120,000 SF120,000 SF
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Mark Duszak

Mark Duszak

Deals24
Sold$534.8M

Agencies

Rittenhouse Realty Advisors

Rittenhouse Realty Advisors

Agency
Deals85
Volume$1.9B

Global Real Estate Advisors (GREA)

Global Real Estate Advisors (GREA)

Agency
Deals110
Volume$1.9B

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Deal Summary

SALE IMAGE: Ken Wellar, Douglas Sitt, Corey Lonberger, Ben Zlotnick (@BenZlotnick) & Mark Duszak DATE: 05/20/2022 ADDRESS: 1000 Diamond St MARKET: Philadelphia, PA ASSET TYPE: Student Housing BUYER: Alexandra Capital SELLER: Orens Brothers Real Estate BROKERS: Ken Wellar (@Ken_Wellar_CRE) (@GREA_CRE), Douglas Sitt, Corey Lonberger & Mark Duszak - Rittenhouse Realty Advisors SALE PRICE: $23,500,000

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1000 Diamond Street

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