Patient, Diligent, Committed

Developing Properties That Create Enduring Value For Communities
and Our Investors

Tuesday
Nov172015

Mixed-Use Apartment/Retail Building - 300 Market Street - Philadelphia, PA

Property Details

Square Footage: 8,800 sf

Address: 300 Market Street, Philadelphia, PA 19106

Description: We bought this incredibly located property in the heart of Old City Philadelphia in the fall of 2015 and finished construction of the four-story building with a basement totaling 8,800 square feet in August of 2017. The ground floor retail space of ~1400 sf of retail space has been leased to a franchise of Mamoun's Falafel, and floors 2-4 each consist of four efficiency studio units, all of which have been leased. 

Tuesday
Jan282014

55 Acres on I-95 and FLA 200 - Jacksonville, FL

Property Details

Square Footage: Undeveloped

Address: Adjacent to I-95 and State Route 200 in Northeast Quadrant, Nassau County, Florida

Description: This well-located property was bought in 2007 for development but due to the economic crisis, we have been hesitant to develop until we are sure of the highest and best use for the land. Our plan is to start development as early as next year, and we have already started negotations with several other development groups this past year about a joint venture arrangement on this property.

 

Sunday
Apr192015

[SOLD] Single-Family Homes - 1933-35 Reed St. & 1339-43 S. Opal St. - Philadelphia, PA

 

Property Details

Square Footage: ~2,700 sf per home (5 total homes)

Address: 1933-35 Reed St. & 1339-43 S. Opal St., Philadelphia, PA 19146

Year Built: 2015-16

Cost: $1,492,500 for all 5 homes

Sale Price (Year): $2,057,000 for all 5 homes (Throughout 2016)

IRR: 20% (the sale of these homes is part of a seven home development project with two other homes located on Sydenham Street)

Friday
Jun132014

[SOLD] Single-Family Homes - 1132-34 Sydenham St. - Philadelphia, PA

Property Details

Square Footage: ~2,700 sf per home

Address: 1132-34 Sydenham Street, Philadelphia, PA 19146

Year Built: 2014

Cost: $610,000 for both homes

Sale Price (Year): $815,000 for both homes (February 2015)

IRR: 20% (the sale of these homes is part of a seven home development project with five homes on Reed and Opal Street)

Tuesday
Jan282014

[SOLD] Single-Family Home - 1613 Kater Street - Philadelphia, PA

Property Details

Square Footage: 2,530 sf

Address: 1613 Kater Street, Philadelphia, PA 19146

Year Built: 2013

Cost: $276,000

Sale Price (Year): $675,000 (2013)

IRR: 83% (the sale of this home was part of the overall 1622 South Street development and therefore the IRR reflects the IRR for the entire project and not just the sale of this home)