13/03/2018 16:06:03

Rittenhouse Realty Advisors Sells Six Student Housing Properties Totaling 31 Units/92 Beds in Temple University Area for $6,760,000

PHILADELPHIA, March 13, 2018 (GLOBE NEWSWIRE) -- Rittenhouse Realty Advisors is pleased to announce the sale of 1326 N. 15th Street, 1439 N. 15th Street, 1843 & 1845 N. 18th Street, and 1822 & 1824 Willington Street, which are all Temple University area properties. The properties are all off-campus student housing with a total of 31 units and 92 beds.  The apartments are all newer construction or newly renovated with spacious floor plans and higher-end finishes. 

“Temple continues to attract investors from outside of the Philadelphia market.  Two of these properties were sold to buyers from the New York Metro area,” stated Ken Wellar, Managing Partner at RRA. 

"The Temple submarket has been very active,” added Christopher Egan, Senior Associate at RRA. “As the school has gained recognition for not only their academics but also their successful athletic programs, enrollment has increased year over year. There is no shortage of demand for well-constructed student housing product that enables students to walk safely to and from class."

Temple University’s Main Campus sits on 105-acres with an enrollment of over 40,000 students.  Out of the 40,000 students, 15,000 live on or near Main Campus, which is a vibrant, urban community located just minutes from Center City.  Over the last 10 years, there has been a continued growth in the student population with more students opting to live by campus rather than commute, which furthers the need for housing units and beds.

The neighborhood is primarily made up of row-homes and independently owned businesses. These properties were an opportunity to invest in a growing and redeveloping neighborhood along Broad Street with Temple University at the focus.

Seth Douglas, Rittenhouse Realty Advisors Associate, noted: “Temple University has continued to invest in both its facilities and its neighborhood to increase student matriculation. This has resulted in the Temple area seeing significant appreciation in its student driven real estate values.  It continues to be a solid market for any investor looking to get into student housing.”

For more information on current rates or to view our available listings visit www.RittenhouseRealty.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d3a17d58-eafe-460e-a8d4-7416ef14dfe3 

Based in Philadelphia, Pennsylvania, Rittenhouse Realty Advisors is a real estate advisory firm with an extensive focus in the brokerage of multi-family communities throughout the northeast region of the United States. Formed in February 2013 by a group of advisors with more than 30 years of commercial investment sales experience, our focus is on multi-family and mixed-use properties with significant residential components.

www.RittenhouseRealty.com

Press Contact: Corey Lonberger and Ken Wellar

Managing Partners

215-454-2852

Primary Logo

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
16 Sep
OMXC25
Putin kan lukke samtlige banker i Europa blot ved at sende nogle penge igennem dem, og bagefter lækk..
29
12 Sep
 
Baron84. Med dit køb i Bioporto i kurs 6,09, Matas i kurs +90, Bitcoin i 17.500 og Bavarian i +400, ..
19
14:50
BIOPOR
BioPorto - InvestorDagen 18.september 2018 Jeg deltog til præsentationen af BioPorto ved CFO Ole ..
16
15 Sep
DANSKE
...og jeg kan supplere, man skal ikke tro på mennesker der er maniske eller totalt besatte af en giv..
16
10:58
PNDORA
.....lyder ikke for klogt. Nu har vi været under pres fra shortere i lang tid i Pandora som fik bank..
14
16 Sep
BAVA
Bava var sat op til en næsten perfekt IHS, der ville sende den op i ca. 225.   Men så kommer der lig..
14
13 Sep
OMXC25
Jeg var i London i de år. Jeg kom forbi Lehman Brothers hver morgen og aften ude i Cannary Wharf. De..
14
12 Sep
VELO
  Nu syntes jeg det er interessant og se på hvad var årsagen til Envarsus ikke fik fuld godkendelse ..
14
15 Sep
BAVA
Hvilken af de to links forklarer, at Bavarian faldt 6%? Er det fordi de fik et nyt patent, eller er ..
13
17 Sep
BAVA
dette er en delvis gentagelse af mit indlæg fra weekenden Min tilgang til den er at jeg ikke forstå..
12

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
EF Hutton Launches MeggaCoin
2
Eastmain Resources CEO Updates Uptick Newswire’s Stock Day Podcast on The Company’s Value to Investors as They Hit Major Milestones in Gold Exploration
3
Roche's NAVIFY decision support portfolio unlocks relevant content from clinical trial and medical publication databases
4
Iowa’s Smokey D’s BBQ Takes Home Grand Champion Title at 39th American Royal World Series Of Barbecue® Open Competition
5
MIT Sloan Management Review and Boston Consulting Group Study Dispels Five Major Myths About Artificial Intelligence

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Berlingske Media 2018  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
18 September 2018 19:21:01
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20180917.3 - EUROWEB4 - 2018-09-18 20:21:01 - 2018-09-18 19:21:01 - 1000 - Website: OKAY